Yes, VERSION is a Scrabble word!

Letter values in Scrabble US: V 4, E 1, R 1, S 1, I 1, O 1, N 1.

Is it a valid word?

VERSION is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

an interpretation of a matter from a particular viewpoint
something a little different from others of the same type
a written work (as a novel) that has been recast in a new form
a written communication in a second language having the same meaning as the written communication in a first language
a mental representation of the meaning or significance of something
manual turning of a fetus in the uterus (usually to aid delivery)

Also: interlingual rendition.