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2017 (8) TMI 1482 - HC - Income TaxRevision u/s 263 - as per CIT-A deduction u/s 10BA was erroneous and prejudicial to the interest of the Revenue for having been made without proper verification - Held that:- CIT has not recorded a finding that the assessee has not employed 20 or more workers. The Ld.CIT in his order held that the A.O. has allowed the claim of deduction u/s 10BA without proper verification. There is no finding as to what proper verification has not been done. The conditions as mentioned in section 10BA(2) hve been fulfilled and there is no iota of finding by the Ld. CIT that deduction is not allowable. The A.O. has considered all the necessary details and came to a conclusion that deduction u/s 10BA is allowable. The article which the assessee was exporting are covered by eligible article or things. - Decided in favour of assessee.
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