High Court Revises Assessing Officer's Decision on Assessee's Deduction Claim u/s 10B; Deemed Erroneous and Prejudicial.

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....Revision u/s 263 - Assessee's claim for deduction u/s 10B - The decision of the AO to allow such deduction to the Assessee without making any inquiries whatsoever or rather without addressing the issue in his order, rendered his order quite erroneous and prejudicial to the interests of the Revenue. - HC....