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) ]

Wealth-tax Act, 1957

S. 2(ea): Valuation of asset – Immoveable property – Lessee sub-leasing property for higher rent and receiving deposit- Value Of Property declared by assessee was correct fair market value as on the relevant valuation date — Amount paid by lessee was not assessable as income of assesse. [ S. 5, 7 , Wealth-tax Rules, 1957 ]

Wealth-tax Act, 1957
S.2(ea):Assets- Remand to Assessing Officer by Tribunal on question of valuation, issue stating that the lands not includible in net wealth cannot be raised , matter remanded . [ S.24(5) ]

Interest-Tax Act, 1974

S. 2(5B)( vi): Financial Company — Finance Charges such as interest received from hire purchase transactions and other Interest was held to chargeable to tax .[ S.8(2) ]