https://www.taxtmi.com/highlights?id=46685 Disallowance u/s 43B - nomination charges paid to the State Government at the rate of 10% of the turnover of granite blocks - It is simply a contractual payment of lease rental specified by the State Government being the Lessor - A mere reference of the statute, ie., Rule 8-C(7) of the Tamil Nadu Minor Mineral Concession Rules, 1959, does not make it a statutory levy, in the realm of 'tax, duty, cess or fees' - no disallowance u/s 43B en-us Wed, 22 May 2019 07:27:26 +0530 Wed, 22 May 2019 07:27:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46685 Disallowance u/s 43B - nomination charges paid to the State Government at the rate of 10% of the turnover of granite blocks - It is simply a contractual payment of lease rental specified by the State Government being the Lessor - A mere reference of the statute, ie., Rule 8-C(7) of the Tamil Nadu Minor Mineral Concession Rules, 1959, does not make it a statutory levy, in the realm of 'tax, duty, cess or fees' - no disallowance u/s 43B Highlights Income Tax Wed, 22 May 2019 07:27:26 +0530 https://www.taxtmi.com/highlights?id=46685