https://www.taxtmi.com/caselaws?id=221628 The High Court upheld the Income Tax Appellate Tribunal's decision to allow the deduction for market fee, ruling that Section 43B of the Income Tax Act, 1961, did not apply retrospectively to market fees. The Court emphasized the distinction between market fee and tax, affirming the assessee's entitlement to the deduction and highlighting the lack of challenge to the Tribunal's relevant order, weakening the appellant's position on legal issues. en-us Tue, 12 Mar 2013 00:00:00 +0530 Fri, 25 Oct 2013 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221628 The High Court upheld the Income Tax Appellate Tribunal's decision to allow the deduction for market fee, ruling that Section 43B of the Income Tax Act, 1961, did not apply retrospectively to market fees. The Court emphasized the distinction between market fee and tax, affirming the assessee's entitlement to the deduction and highlighting the lack of challenge to the Tribunal's relevant order, weakening the appellant's position on legal issues. Case-Laws Income Tax Tue, 12 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221628