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TMI Blog1963 (1) TMI 42X X X X Extracts X X X X X X X X Extracts X X X X ..... ppellate court had no jurisdiction to hear the appeals on the ground that the Additional Judge (Appeals) of Kanpur Range at Agra had not been validly appointed? (2) Whether the materials on the record were such as to justify the assessment of the applicants on turnover during the years 1950-51, 1951-52 and 1952-53 as determined in the orders passed on the application for revision?" The questio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es the value of the closing stock. The assessee preferred appeals against the assessment orders and they were heard by the Additional Judge (Appeals), Kanpur, and were dismissed by him. The assessee then preferred revision applications under section 10 and the Judge (Revisions) reduced the multiple to about three. Then at its instance it has referred the questions. The objection of the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncludes a number of Judges (Appeals). The only requirement is that they should all be authorised by the State Government to perform duties in exercise of the powers of an appellate authority under the Act. There is no restriction on the State Government's powers to authorise more than one person to perform the duties in exercise of the powers of an appellate authority. Therefore, the State Governm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... between the turnover and the value of the stock as conceded by the assessee's counsel himself. He conceded that ordinarily a dealer would keep in stock materials which it expects to sell in a month. A dealer undoubtedly keeps in stock materials depending in quantity on the materials that it hopes to sell in a certain period. To say that the value of the stock depends upon the annual turnover mean ..... X X X X Extracts X X X X X X X X Extracts X X X X
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