TMI Blog1991 (10) TMI 100X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. The first ground is against the disallowance of Rs. 37,872 paid by the assessee as royalty for quarrying lime stone. The ITO found, on examination of the books of the assessee that the sum of Rs. 37,872 remained unpaid at the close of the year and disallowed the same by applying the provisions of Section 43-B of the Act. According to him, the royalty was clearly a levy under the Mining provisio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r in which such sum was actually paid by the assessee. The words " Tax " and " Duty " are interchangeable concepts. A tax or duty is a compulsory exaction of money by public authority for public purposes enforceable by law and is not a payment for services or the goods. A tax or duty is not and need not to be supported by any consideration of services rendered in return or the goods acquired. The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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