2015 (10) TMI 1949
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....: Sh. Jayant Sahay, DR For the Respondent : None ORDER Per Rakesh Kumar:- 1.1 The only point of dispute in this case is as to whether the cheque discounting charges are includible in the assessable value or not. The Commissioner (Appeals) in the impugned order-in-appeal dt. 29.03.04 has held that cheque discounting charges are includible in the assessable value. Against this order the ....
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....Amresh Jain, learned Departmental Representative defended the impugned order by reiterating the findings of Commissioner (Appeals). 5. We have considered the submissions from both the sides and perused the records. The cheque discounting charges are charged by the bank for discounting of cheques to cover for delay in realization of payments by up-country buyers. This is nothing but interest on ....


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