https://www.taxtmi.com/caselaws?id=169770 The expression "bought and sold" in section 11(1) of the Madras Commercial Crops Market Act was construed in light of the Act's scheme, object and market-regulation framework. The Court read the charging provision with the licensing, registration and fee-liability provisions and held that the levy attaches to the purchase-sale transaction taking place within the notified area, with the purchaser primarily liable for the fee. A narrower reading limiting the levy to cases where the dealer later resold the same goods within the notified area was rejected as inconsistent with the legislative purpose of regulating commercial crop markets and protecting producers. The market fee on the purchase transaction was therefore upheld as valid. en-us Thu, 27 Oct 1966 00:00:00 +0530 Mon, 04 May 2015 11:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169770 The expression "bought and sold" in section 11(1) of the Madras Commercial Crops Market Act was construed in light of the Act's scheme, object and market-regulation framework. The Court read the charging provision with the licensing, registration and fee-liability provisions and held that the levy attaches to the purchase-sale transaction taking place within the notified area, with the purchaser primarily liable for the fee. A narrower reading limiting the levy to cases where the dealer later resold the same goods within the notified area was rejected as inconsistent with the legislative purpose of regulating commercial crop markets and protecting producers. The market fee on the purchase transaction was therefore upheld as valid. Case-Laws Indian Laws Thu, 27 Oct 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169770