Advocate Act , 1961
S.7:Code of ethics – Dishonest practice – For misrepresentations before the Court, which should under any and all circumstances be dealt with the iron hand of the judiciary with zero tolerance for such blatantly unethical and mala-fide behaviour- Exemplary cost of Rs 10 lakh was to be paid to plaintiffs [ Contempt Courts Act , 1971 ]
Adjournment –Delay in filing affidavit of reply – Cost of Rs.4 , 50,000 / was levied .
Central Goods and Service Tax Act , 2017
GST Network: The regime is not tax friendly.
Service tax – Finance Act, 1994
S.65:Service-tax on maintenance of property-Under the MOFA, the builder/ developer is under a statutory obligation to look after the day-to-day upkeep, maintenance and repair of the property till conveyance to the co-op society. Such maintenance of the structure is not rendering a taxable service as per S. 65 (64) of the Finance Act, 1994
Interpretation of taxing statutes — Beneficial Provision — Retrospective application.
Interpretation of taxing statutes — Similarity in language used in provisions.
Interpretation of taxing statutes — Presumption of prospectivity of statute- Machinery provisions .
Interpretation – Binding precedent -. Interpretations given by High Courts and Tribunals cannot be ignored by the Assessing Officers
Wealth –tax Act, 1957 –Finance Act 1983
S. 40(3) :Levy of wealth tax on land and building which is not used for the purpose of business was held to be valid – Parliament has legislative competence to tax land and buildings which are in List-II of the 7th Schedule and whether the classification of “companies in which the public are not substantially interested” is neither arbitrary nor violative of Article 14 of the Constitution of India . [ Art 14 ]
Wealth-tax Act, 1957
S. 7:Net Wealth — Vehicle funded by and maintained on behalf of Principal foreign company was held to be not included in net Wealth of Assessee -Principle of consistency was followed .[S.2(m) ]