1995 (6) TMI 191

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..... ), is by the dealer registered under the said Act. The short question that arises for consideration is how should the rate of additional tax be applied for assessment of the turnover of the petitioner under section 5-A of the Act? The turnover of the petitioner for the said assessment year was determined at Rs. 1,18,32,990 by the assessing authority by its order dated September 13, 1991. The p .....

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..... n to the tax payable under those sections pay for each year a tax on his turnover liable to tax at the rate of- (a) one-half paise on every rupee where the total turnover for the year is three lakh rupees or more but less than fifty lakh rupees; (b) one paisa on every rupee where the total turnover for the year is fifty lakh rupees or more but less than one crore rupees; and (c) one and a ha .....

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..... contention of the learned counsel for the petitioner. A plain reading of section 5-A of the Act, extracted above, makes it clear that the said section classifies the dealers in three categories. The dealers having net turnover between Rs. 3 lakhs and Rs. 50 lakhs fall in the first category. The dealers having turnover of more than Rs. 50 lakhs but less than one crore fall in the second categor .....

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