https://www.taxtmi.com/caselaws?id=760374 A municipal charge for displaying advertisements was held to be royalty arising from the parties' arrangement, not a tax or compulsory levy, because it was consideration for permission rather than an exaction under taxing power. The Corporation could revise the royalty rate, but the enhancement could operate only prospectively and not retrospectively, as no excessive or disproportionate fixation was shown. Penalty for non-payment was unsustainable because no express legal authority empowered its imposition, although interest for delay was left open as a distinct compensatory claim. en-us Wed, 16 Oct 2024 00:00:00 +0530 Sun, 20 Oct 2024 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760374 A municipal charge for displaying advertisements was held to be royalty arising from the parties' arrangement, not a tax or compulsory levy, because it was consideration for permission rather than an exaction under taxing power. The Corporation could revise the royalty rate, but the enhancement could operate only prospectively and not retrospectively, as no excessive or disproportionate fixation was shown. Penalty for non-payment was unsustainable because no express legal authority empowered its imposition, although interest for delay was left open as a distinct compensatory claim. Case-Laws Indian Laws Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760374