https://www.taxtmi.com/article/detailed?id=2087 Electricity charges payable to distributors are contractual payments for supply and related services, not statutory levies; under ejusdem generis and noscitur a sociis the term "fees" must be read with "tax, duty or cess" and thus confined to liabilities imposed by law, so ordinary components like meter rent, consumption charges and minimum contractual charges fall outside the class of statutory fees and therefore are not covered by the provision disallowing certain payments payable under law when accounts are on a mercantile basis. en-us Sat, 23 Mar 2013 22:53:59 +0530 Sat, 23 Mar 2013 22:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2087 Electricity charges payable to distributors are contractual payments for supply and related services, not statutory levies; under ejusdem generis and noscitur a sociis the term "fees" must be read with "tax, duty or cess" and thus confined to liabilities imposed by law, so ordinary components like meter rent, consumption charges and minimum contractual charges fall outside the class of statutory fees and therefore are not covered by the provision disallowing certain payments payable under law when accounts are on a mercantile basis. Articles Income Tax Sat, 23 Mar 2013 22:53:59 +0530 https://www.taxtmi.com/article/detailed?id=2087