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2008 (1) TMI 264 - KERALA HIGH COURTValidity of suo motu revisional proceedings completed by the Commissioner u/s. 263 - If 90 per cent. of the expenses was allowed in the computation of income from contract, then the further claim of assessee of 90 per cent. against the arbitration award amount is not tenable - If the Commissioner has not exercised the suo motu revisional power, then the consequence would have been loss of revenue – revision is valid
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