TMI Blog1989 (2) TMI 402X X X X Extracts X X X X X X X X Extracts X X X X ..... relates to bill discounting charges. What happens is this: The agreement between the parties contemplates payment of consideration after a period of 45 days or 60 days, as the case may be. The parties also contemplate raising a hundi and collecting it through their bankers. The bank charges certain amount towards the services rendered by it in that connection which are called as "bin discounting c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... greement. Once this is so, there is no principle upon which these charges can be said to be outside the purview of the turnover. We, therefore, agree with the Tribunal that the bill discounting charges are includible in the turnover of the assessee. The same is the position with respect to hundi stamps. 2.. The second question relates to bank charges. The Tribunal's finding is that these charges ..... X X X X Extracts X X X X X X X X Extracts X X X X
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