https://www.taxtmi.com/caselaws?id=70015 Vend fee and additional vend fee under the Tamil Nadu Prohibition Act, 1937 were characterised as the price paid for obtaining an exclusive wholesale liquor privilege, not as tax or fee in the strict sense. Because the levy operated as consideration in a commercial arrangement and not as a statutory tax liability, section 43B of the Income-tax Act, 1961 did not apply on the facts then governing the case. The assessee was therefore entitled to deduction of the amount claimed, and the disallowance made by the lower authorities was not sustainable. en-us Tue, 31 Dec 1991 00:00:00 +0530 Wed, 13 Apr 2011 14:23:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70015 Vend fee and additional vend fee under the Tamil Nadu Prohibition Act, 1937 were characterised as the price paid for obtaining an exclusive wholesale liquor privilege, not as tax or fee in the strict sense. Because the levy operated as consideration in a commercial arrangement and not as a statutory tax liability, section 43B of the Income-tax Act, 1961 did not apply on the facts then governing the case. The assessee was therefore entitled to deduction of the amount claimed, and the disallowance made by the lower authorities was not sustainable. Case-Laws Income Tax Tue, 31 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70015