Held, dismissing the appeal of the Revenue the Court held that  the Assessing Officer had conducted sufficient inquiry and examined the assessee’s eligibility to claim for deduction under section 10AA. It was not a case of “no inquiry” or “lack of inquiry”. The Tribunal was justified in quashing the order of the Principal Commissioner passed under section 263 and holding that the decision of the Assessing Officer was not erroneous or prejudicial to the interests of the Revenue.(AY.2012-13)