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1976 (1) TMI 61 - AT - Income TaxExtract: .......turnover the appellant could be justifiably assessed for the total turnover of Rs. 39,000 per year (125x6x52). 7. So, we find that the turnover of the appellant is liable to be fixed at Rs. 39,000 per year. Since the turnover falls below the taxable minimum the appeal is not liable for 1974-75. The assessment is cancelled and the appeal is allowed.
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