https://www.taxtmi.com/caselaws?id=71448 Market cess collected under the Maharashtra Agricultural Produce Marketing (Regulation) Act, 1963 was characterised as a fee rather than a tax or duty because it was directly linked to services provided in market areas. The statutory scheme permitted market committees to collect the levy, maintain a market fund, and use it for market development and administration, establishing the required quid pro quo. Consequently, section 43B of the Income-tax Act, 1961 did not apply to unpaid market cess for the relevant assessment years, and no disallowance could be made on that basis. The later amendment expressly covering cess or fee operated prospectively from 1 April 1989. en-us Mon, 11 May 1992 00:00:00 +0530 Sat, 23 Apr 2011 14:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71448 Market cess collected under the Maharashtra Agricultural Produce Marketing (Regulation) Act, 1963 was characterised as a fee rather than a tax or duty because it was directly linked to services provided in market areas. The statutory scheme permitted market committees to collect the levy, maintain a market fund, and use it for market development and administration, establishing the required quid pro quo. Consequently, section 43B of the Income-tax Act, 1961 did not apply to unpaid market cess for the relevant assessment years, and no disallowance could be made on that basis. The later amendment expressly covering cess or fee operated prospectively from 1 April 1989. Case-Laws Income Tax Mon, 11 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71448