TaxTMI 
TaxTMI 
2008 (7) TMI 952
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....he Assessment Year 1993-94. The appeal was admitted by this Court on 17th July, 2006 and the following substantial question of law was proposed and the appeal was admitted qua the said question of law : "Whether on the facts and circumstances and in law the ITAT was right in directing the AO to exclude the sums relatable to Sales Tax and Excise Duty as they do not form part of the total turnove....
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....so cannot form part of "turnover". Just as interest, commission, etc., do not emanate from the "turnover" so also excise duty and sales tax do not emanate from such turnover. Since excise duty and sales tax did not involve any such turnover such taxes are however to be excluded. Commission, interest, rent, etc. do yield profits, but they do not partake of the character of turnover and therefore th....