https://www.taxtmi.com/caselaws?id=799646 Cheque-discounting interest separately disclosed falls within the exemption for interest on discounting of bills, bills of exchange or cheques. Ledger classification as Bank Charges cannot alone establish that receipts constitute consideration for a taxable service; transaction-level proof is required. Charges representing exempt discounting interest and actual bank expenses recovered from clients are excluded from taxable value for the relevant period. Where accounting entries were recorded, audited and previously accepted, no wilful suppression or intent to evade is established. The extended limitation period is unavailable, and a suppression-based penalty under Section 78 cannot be sustained. en-us Wed, 23 Sep 2026 00:00:00 +0530 Fri, 25 Sep 2026 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799646 Cheque-discounting interest separately disclosed falls within the exemption for interest on discounting of bills, bills of exchange or cheques. Ledger classification as Bank Charges cannot alone establish that receipts constitute consideration for a taxable service; transaction-level proof is required. Charges representing exempt discounting interest and actual bank expenses recovered from clients are excluded from taxable value for the relevant period. Where accounting entries were recorded, audited and previously accepted, no wilful suppression or intent to evade is established. The extended limitation period is unavailable, and a suppression-based penalty under Section 78 cannot be sustained. Case-Laws Service Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799646