1994 (11) TMI 415
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....VISWANATHA IYER, J.-The question is one of estimate of the turnover of the assessee during the year 1985-86. While the assessing authority fixed it 4 times the average running stock, estimated at Rs. 40,56,298 the Deputy Commissioner (Appeals) fixed it twice the average running stock, which he fixed at Rs. 56,05,820.50. The Tribunal, in its turn, felt that the turnover may be fixed 1.5 times the a....


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