https://www.taxtmi.com/caselaws?id=171649 A regulatory fee under the Tamil Nadu Chit Fund Rules was upheld where the statutory scheme imposed recurring supervision, control and verification duties on the Registrar. The Supreme Court held that, in such a regulatory setting, quid pro quo need not be shown with arithmetical precision; a broad and reasonable correlation between the levy and the administrative burden is sufficient. On that basis, the enhanced fee for registration of chit bye-laws and the fee for filing audited balance-sheets were both valid, the challenge to their character as taxes or unreasonable levies failed, and the impugned amendments were sustained. en-us Thu, 23 Apr 1992 00:00:00 +0530 Tue, 28 Jul 2015 13:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171649 A regulatory fee under the Tamil Nadu Chit Fund Rules was upheld where the statutory scheme imposed recurring supervision, control and verification duties on the Registrar. The Supreme Court held that, in such a regulatory setting, quid pro quo need not be shown with arithmetical precision; a broad and reasonable correlation between the levy and the administrative burden is sufficient. On that basis, the enhanced fee for registration of chit bye-laws and the fee for filing audited balance-sheets were both valid, the challenge to their character as taxes or unreasonable levies failed, and the impugned amendments were sustained. Case-Laws Indian Laws Thu, 23 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171649