https://www.taxtmi.com/caselaws?id=275996 Revision under section 263 was not justified where the Assessing Officer had raised queries, considered the assessee's reply and adopted a plausible view allowing deduction under section 10BA. Mere allegation of inadequate enquiry was insufficient because the Commissioner did not identify any specific failure to satisfy the statutory conditions for deduction, nor show that the exported articles were ineligible or that any expenditure was outside the books. As section 263 requires the order to be both erroneous and prejudicial to the interests of the Revenue, the revisional order could not be sustained and the deduction was upheld in favour of the assessee. en-us Tue, 22 Aug 2017 00:00:00 +0530 Thu, 25 Oct 2018 08:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275996 Revision under section 263 was not justified where the Assessing Officer had raised queries, considered the assessee's reply and adopted a plausible view allowing deduction under section 10BA. Mere allegation of inadequate enquiry was insufficient because the Commissioner did not identify any specific failure to satisfy the statutory conditions for deduction, nor show that the exported articles were ineligible or that any expenditure was outside the books. As section 263 requires the order to be both erroneous and prejudicial to the interests of the Revenue, the revisional order could not be sustained and the deduction was upheld in favour of the assessee. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275996