https://www.taxtmi.com/caselaws?id=313759 A retail trader dealing in scheduled agricultural produce within a notified market area is subject to the licensing requirement under the Market Act, because the statutory scheme regulates all dealers in such produce and the licence is intended to monitor trading activity and prevent evasion of levy. Market fee remains valid where there is a real and reasonable quid pro quo, even if there is no exact mathematical equivalence between collections and services, so long as a tangible nexus exists and market infrastructure is being progressively established and funded for Act purposes. In hilly or sparsely populated areas, the standard of immediate and complete facilities is not applied rigidly. en-us Fri, 25 Oct 1996 00:00:00 +0530 Wed, 01 May 2024 15:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313759 A retail trader dealing in scheduled agricultural produce within a notified market area is subject to the licensing requirement under the Market Act, because the statutory scheme regulates all dealers in such produce and the licence is intended to monitor trading activity and prevent evasion of levy. Market fee remains valid where there is a real and reasonable quid pro quo, even if there is no exact mathematical equivalence between collections and services, so long as a tangible nexus exists and market infrastructure is being progressively established and funded for Act purposes. In hilly or sparsely populated areas, the standard of immediate and complete facilities is not applied rigidly. Case-Laws Indian Laws Fri, 25 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313759