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1968 (7) TMI 70 - MADRAS HIGH COURTExtract: .......ase no exemption is at all required. Our attention has been invited to the Explanation to the definition of turnover in the Act. But as we said, the insurance charges are incurred to cover the risk in transit of the goods and we cannot view the expenditure as for something done in respect of the goods. The tax case is dismissed. Petition dismissed.
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