2006 (8) TMI 577

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..... ent year 1993-94. The assessing authority had received the information that the applicant had supplied stone ballast to the Railway Department and received the payment of Rs. 8,45,429.45. During the course of assessment proceedings, the applicant had accepted the receipt of the payment but submitted that a sum of Rs. 2,57,337.82 was received towards the cost of the ballast and the rest of the a .....

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..... ant so far as the freight is concerned and levied the tax only on the turnover of the value of stone ballast for Rs. 2,57,337.82. The Commissioner of Trade Tax filed appeal before the Tribunal. The Tribunal by the impugned order allowed the appeal in part. The Tribunal confirmed the levy of tax on the amount of Rs. 8,45,429.45, the total amount received by the applicant during the year under consi .....

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..... from the customers. Section 2(i) of the Act defines the turnover as follows: 'Turnover' means the aggregate amount for which goods are supplied or distributed by way of sale or are sold by a dealer, either directly or through another, on his account or on account of others, whether for cash or deferred payment or other valuable consideration: Explanation I Omitted. Explana .....

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