expenditure has to be excluded.
Export Turnover and Total turnover:
The “total turnover” has been defined in sections 80HHC and
80HHE only to exclude additional ... turnover”.
Export turnover is a component of total turnover. If the
entire turnover represents export proceeds, then the export
turnover and the total turnover
turnover as a component of total turnover in the
denominator. The reason being the total turnover includes
export turnover. The components of the export turnover ... turnover, when the total turnover includes export
turnover. If what is excluded in computing the export
turnover is included while arriving at the total turnover
they cannot be taken into consideration
for computation of the gross turnover as defined in s. 2 (j)
of the Act for the purpose ... certain class
of dealers, it takes into account his gross turnover as
defined in s. 2 (j) of the Act. It is urged that
total turnover while calculating deduction
under section 80HHC . By looking into the definition of
export turnover and total turnover as defined under
section 80HHC ... country. But total
turnover includes the turnover of the assessee which is
inclusive of export turnover and also the domestic
turnover. Therefore
other state Acts, the
Bengal Finance (Sales Tax) Act has not defined `turnover'
specifically to include sales made by a dealer whether ... Nadu
General Sales Tax Act, 1959 , the Bengal Act did not define
`turnover' to mean the aggregate amount for which the goods
were bought
assessee.
8. 'Export turnover', 'total turnover' and 'profits of business' have been defined in Explns ... proportion as the export turnover in respect of such goods bears with the total turnover of the goods. Therefore, the turnover should be restricted
turnover. Section 2(q) defines total turnover and Section 2(r) defines turnover. Section 3 is the charging section. It provides for levy ... expression 'taxable turnover' and 'turnover' in the interpretation clauses in the Act. The former term is defined as the turnover
total turnover of a dealer, the turnovers of all the goods must be aggregated. This is so because the total turnover is defined ... sales turnover as well as purchase turnover under section 7-A or 4. The word "turnover" has been defined as the aggregate amount
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
total turnover, (b) exempted turnover, (c ) taxable turnover. The words 'total turnover' have been used in contradiction of word 'turnover ... that 'total turnover' is not equivalent to 'turnover'. Total turnover means something in addition to "turnover
