https://www.taxtmi.com/caselaws?id=313756 A statutory levy is treated as a fee only while there is a reasonable correlation between collections and the cost of special services rendered to the regulated class. On the facts, the contribution under Section 58 read with Rule 32 remained valid as a fee up to 31 March 1970, but the accumulated surplus had then grown beyond what was reasonably required, so continuation at the same rate thereafter could no longer be justified as a fee and became a tax without authority of law. The Court also treated the three receipts from an international organisation as donations exigible under the amended provision with retrospective effect, leaving the respondent liable to contribute on those sums. en-us Mon, 10 Feb 1975 00:00:00 +0530 Wed, 01 May 2024 15:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313756 A statutory levy is treated as a fee only while there is a reasonable correlation between collections and the cost of special services rendered to the regulated class. On the facts, the contribution under Section 58 read with Rule 32 remained valid as a fee up to 31 March 1970, but the accumulated surplus had then grown beyond what was reasonably required, so continuation at the same rate thereafter could no longer be justified as a fee and became a tax without authority of law. The Court also treated the three receipts from an international organisation as donations exigible under the amended provision with retrospective effect, leaving the respondent liable to contribute on those sums. Case-Laws Companies Law Mon, 10 Feb 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313756