Taxable turnover cannot include elephant sale proceeds absent proof that the sale formed part of business activity.

Sale proceeds from an elephant were treated as proceeds from goods, but inclusion in taxable turnover depended on whether the transaction formed part of the assessee's business. As there was no finding that the elephant was a business asset, the broader definition of business did not, by itself, bring the sale within taxable turnover. The sale proceeds were therefore not includible in taxable turnover, and the revision failed.

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Issues: Whether the sale proceeds of an elephant could be included in the assessee's taxable turnover.

Analysis: The elephant was treated as goods capable of sale, but inclusion in taxable turnover depended on whether the sale formed part of the assessee's business. There was no finding that the elephant constituted a business asset of the assessee, and the wider definition of business did not, by itself, justify inclusion of the sale proceeds in taxable turnover.

Conclusion: The sale proceeds were not includible in the taxable turnover. The revision failed.

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