https://www.taxtmi.com/caselaws?id=248204 The Tribunal dismissed the Revenue's appeal, ruling that the market cess paid by the Assessee was not covered under section 43B of the IT Act, 1961. The payment was made before the extended due date of filing the return, as allowed by the CBDT order, and was deemed a fee for utilizing market facilities, not a tax. This distinction led to the rejection of the Revenue's disallowance claim under section 43B. en-us Fri, 16 May 2014 00:00:00 +0530 Thu, 05 Jun 2014 11:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248204 The Tribunal dismissed the Revenue's appeal, ruling that the market cess paid by the Assessee was not covered under section 43B of the IT Act, 1961. The payment was made before the extended due date of filing the return, as allowed by the CBDT order, and was deemed a fee for utilizing market facilities, not a tax. This distinction led to the rejection of the Revenue's disallowance claim under section 43B. Case-Laws Income Tax Fri, 16 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248204