Determination of turnover or income for enterprise for the purposes of Section 27 of the Act

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..... 7 of the Act (1) Turnover or income, as the case may be, includes value of sales (or revenue or receipts, by whatever name called), and other operating revenue, as per the audited financial statements maintained by such enterprise. Explanation: For the purpose of this regulation, other income, indirect taxes, trade discounts and intragroup sales, if any, shall not be taken into account. (2) In cas .....

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