Securities and Exchange Board of India Act , 1992
S.15Z: Valuation of shares- Valuation of shares is a technical and complex problem which can be appropriately left to the consideration of experts in the field of accountancy.[ Companies Act , 1956 , S. 4(1)]
Uttar Pradesh Urban Buildings (Regulation of letting ,Rent and Eviction) Act ,1972
S.21: Subsequent event should be considered by courts-It is necessary to do so in order to do complete justice between parties – Test laid down:
Kerala Stamp Act, 1959
S.31:Power of Attorney executed out of India – Adjudication of stamp duty- The original of power of attorney was executed at Dubai in the presence of the Vice Counsel in the Indian Consulate at Dubai and is attested by him on Indian non-judicial stamp paper of the value of Rs.150/ is held to be valid . [ S.18 , Indian Stamp Act ,1959 S.31 ]
Central Excise Act, 1944.
Precedent – Judicial discipline – Conflicting decisions by CESTAT Benches – Appropriate Course for the second Bench is to refer the matter to the Larger Bench- Court directed the President to constitute a larger bench of three Members to decide the issue.
Tripura Value Added Tax Act 2004,
S.71:Appellate Tribunal – Registrar cannot refuse to accept the appeal though not maintainable – Order of Non-Maintainability to be passed by the Tribunal itself and not the registrar even if the petition was prima facie not maintainable.
Evidence Act ,1872
S.3 : Natural Justice – Right of cross examination – Is integral part of Natural justice though not provided under the statute – Affidavit of own is not evidence with in meaning of S. 3 of the Evidence Act , 1872 .
Finance Act ,1994
S.73: Appelate Tribunal – Adjournment – Medical certificate not necessary while seeking adjournment on medical ground-Order of Appellate Tribunal is set aside .
Code of Civil Procedure , 1908
S.96: Concession made by counsel on facts – Binds his client – No appeal lies from a decree passed by the court with the consent of the parties. [Constitution of India , 1949, Art .136 ]
Tripura Value Added Tax Act 2004,
S.71:Appellate Tribunal – Registrar cannot refuse to accept the appeal though not maintainable – Order of Non-Maintainability to be passed by the Tribunal itself and not the registrar even if the petition was prima facie not maintainable.
Appellate Tribunal – Early hearing – Application must be considered.
When an application is taken out seeking for an early hearing of the said appeal, the Tribunal ought to have fixed the date but should not have thrown the said application at the threshold that it will be taken up in due course.