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2018 (11) TMI 1419 - ITAT JAIPURRevision u/s 263 - claim of deduction under section 10AA - Held that:- Once all the relevant record and material in respect of the claim of deduction under section 10AA was available on the assessment record and were examined by the Assessing Officer while allowing the claim of the assessee, then the learned Principal Commissioner of Income-tax cannot exercise his jurisdiction under section 263 only for the purpose of setting aside the order and directing the Assessing Officer to re-do the assessment. Hence, in view of the above facts and circumstances of the case as well as the decision of the hon'ble Delhi High Court in the case of ITO v. DG Housing Projects Ltd. (2012 (3) TMI 227 - DELHI HIGH COURT) we find that the impugned order passed under section 263 is not sustainable in law. - Decided in favour of assessee.
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