turnover, and, therefore, the sums collected towards dharmam in the present case should be included in the turnover. The amended definition reads:
'turnover ... amounts received by him under the different heads. The amended definition of turnover in Section 2 (i) , particularly the last limb of that clause
calculating the total turnover, there is nothing wrong in treating the tax as part of the turnover, because 'turnover' means the amount ... dealer was specifically deductible from the gross turnover to arrive at the "taxable turnover". The definition of the "taxable turnover" itself
8BMadras General Sales (Definition of
Turnover and Validation of Assessments) Act, 1954 (Mad.
XVII Of 1954), SS. 2, 3-Turnover and Assessment Rules ... turnover for that year
calculated at a particular percentage of such turnover.
What is 'turnover' is defined in s. 2(i) . The definition
respondent No. 2, submits basically that if the interpretation of the definition "turnover" which is sought to be given by the writ petitioner ... turnover of the brokers would either amount to a turnover tax or a tax on income. While we accept the levy based on annual turnover
business x _ Export turnover_
Total turnover
12. The expressions "export turnover" and "total turnover" are defined in the Explanation to Section ... business x _ Export turnover_
Total turnover
is provided under Clause (b) of Sub-section (3). Export turnover, as already noted, is defined in Clause
turnover returned and had claimed exemption only for the purpose of arriving at the taxable turnover. Once the amounts fall within the definition of total ... explanation to the definition and therefore it has to be read in the context of the definition of the term 'turnover'; what
turnover' or 'total turnover' because
the exemption was not linked to any formula in which the export
turnover and total turnover were ... under :
Profits of the business × Export
turnover
Export profits =
Total turnover
The export turnover and the total turnover for the purposes of
sections
turnover.' In other words, the sum total of export turnover and domestic
turnover would constitute 'total turnover.' The term 'export turnover ... export turnover is a part of the total turnover. The export turnover, in
the numerator must have the same meaning as the export turnover which
owner, usufructuary mortgagee, tenant or otherwise, shall be excluded from his turnover.
The definition of turnover also contained provisions for excluding discounts. Explanation ... that amendment, Clause (ii) of Explanation III to the definition "turnover" contained in Section 2(lii) was amended. The said amended clause reads
that the total turnover and export turnover referred to in Section 80HHC relate to sales and purchases and therefore the total turnover in that context ... sales. Therefore the total turnover in the context of Section 80HHC is only sales turnover and purchase turnover and not the receipts in the nature
