https://www.taxtmi.com/caselaws?id=434560 Section 10(26AAB) exempts any income of an agricultural produce market committee constituted to regulate the marketing of agricultural produce, so the decisive question is whether the committee was formed for that statutory purpose and whether the income has a nexus with it. Applying the Delhi Agricultural Produce Marketing (Regulation) Act, 1998 definition of agricultural produce, fish, poultry and eggs were treated as covered commodities. Fee income earned from regulating trade in those products was therefore connected with the committee's statutory function and fell within the exemption, with the result that it was not includible in total income. en-us Wed, 08 Feb 2023 00:00:00 +0530 Mon, 14 Aug 2023 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434560 Section 10(26AAB) exempts any income of an agricultural produce market committee constituted to regulate the marketing of agricultural produce, so the decisive question is whether the committee was formed for that statutory purpose and whether the income has a nexus with it. Applying the Delhi Agricultural Produce Marketing (Regulation) Act, 1998 definition of agricultural produce, fish, poultry and eggs were treated as covered commodities. Fee income earned from regulating trade in those products was therefore connected with the committee's statutory function and fell within the exemption, with the result that it was not includible in total income. Case-Laws Income Tax Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434560