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2008 (7) TMI 892 - ALLAHABAD HIGH COURTAmount of security and insurance charges as realised from the customers by the dealer-opposite party - whether is not a part of taxable turnover? Held that:- Sufficient force in the argument of the learned Standing Counsel that the security amount is liable to be included in the "turnover" of the dealer-opposite party. The contrary view taken by the Tribunal is not legally tenable. So far as the question of "insurance charge" is concerned, the learned Standing Counsel could not persuade this court to take a different view of the matter. The Tribunal has held that the insurance charge, on the facts of the present case, was charged separately and goods were insured on the request of the customers. On these facts, the Tribunal was justified in holding that the insurance charge shall not form part of the turnover. Appeal allowed in part.
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