https://www.taxtmi.com/caselaws?id=755641 SC held that exemption from Market fee under Punjab Government's 2003 Policy does not include exemption from Rural Development fee. The court found HC erred by accepting State counsel's submission without proper analysis. SC ruled the two fees are distinct under different statutory frameworks and cannot be equated. Only units approved as Mega Projects are eligible for Rural Development fee exemption, which respondent was not. The 2003 Policy specifically exempts only Market fees, and assuming broader exemption would exceed policy scope and contradict statutory provisions. Appeal allowed, impugned order set aside. en-us Mon, 15 Jul 2024 00:00:00 +0530 Wed, 17 Jul 2024 08:04:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755641 SC held that exemption from Market fee under Punjab Government's 2003 Policy does not include exemption from Rural Development fee. The court found HC erred by accepting State counsel's submission without proper analysis. SC ruled the two fees are distinct under different statutory frameworks and cannot be equated. Only units approved as Mega Projects are eligible for Rural Development fee exemption, which respondent was not. The 2003 Policy specifically exempts only Market fees, and assuming broader exemption would exceed policy scope and contradict statutory provisions. Appeal allowed, impugned order set aside. Case-Laws Indian Laws Mon, 15 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755641