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2010 (12) TMI 965 - HC - Income TaxAmounts paid by the Samitees to the State Agriculture Produce Markets Board under statutory obligation - whether it is application of its receipts entitling exemption under section/allowance from the income - Held that:- Mandi Act envisages market areas in the State and the Samitis to govern it. The Samities are a body established and incorporated under section 12 of the Mandi Act - The amount of Mandi Shulk as well as Development Cess sent by the different Mandi Samitis to the State Agricultural Produce Market Board is a utilisation of all the receipts. The amount of Mandi Shulk as well as Development Cess sent by the different Mandi Samitis to the State Agricultural Produce Market Board is a utilisation of all the receipts and the Tribunal as well as Commissioner (Appeals) have rightly deleted the addition.
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