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TMI Blog1954 (1) TMI 13X X X X Extracts X X X X X X X X Extracts X X X X ..... point is, whether the assessee is liable to include in his turnover the sum of Rs. 4,44,787-8-0. The assessee is a dealer in groundnuts among other things. He also owns a decorticating mill. Certain dealers entrusted to him groundnut for decortication and obtained advances on the goods deposited. On these advances the dealers had to pay interest. After decortication the goods were sold by the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tute his taxable turnover. It was rightly excluded from the turnover by the Tribunal. The second point raised is under rule 18 of the Madras General Sales Tax (Turnover and Assessment) Rules, 1939. Under rule 18, sub- clause (2), every registered manufacturer of groundnut oil is entitled to deduction under clause (k) of sub-rule (1) of rule 5 of an amount equal to the value of the groundnut and/o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns which should have been submitted before 10th February, 1949, there was no power or authority to condone the delay in making the returns and therefore the deduction should not have been granted. It was also contended that it was a condition precedent for claiming the deduction that the return should be submitted before the 25th of every month and that if the assessee did not do so he lost the ri ..... X X X X Extracts X X X X X X X X Extracts X X X X
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