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March of the Professional |
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Valedictory Session Speech on 18-10-2008 at National Tax Conference at Mumbai
Bharat Ji Agrawal |
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I welcome Hon’ble M. Katju. We had been friends at the Bar for several years. A bright student, a successful lawyer and a judge who always balanced law and equity with an acute sense of justice. I have been a beneficiary of his respect and kindness during his tenure as Judge and then Acting Chief Justice of Allahabad High Court and again as Chief Justice of Madras High Court, Chief Justice of Delhi High Court and now as Judge of Supreme Court. States needs revenue for which taxes are levied. Activities of the State are no more confined to governance and administration only. It is now running business, companies, corporations, banks and is engaged in various trading activities, which may at times suffer losses or other setbacks. The problem arises as to who is to pay for those losses and setbacks otherwise also who is to pay for those activities which are resorted to, in the name of welfare and service of the State.
Is the State entitled to fall back on the taxes
collected or find out some other ways of collecting additional revenue. The
desire to find new items or sources to tax is ever-growing to augment the
revenue of the State. Taxes are imposed by resorting to deeming provisions which
the State always find justification for the purposes of the welfare of the
State. Rowlett J in Cape Brandy Syndicate vs. Ireland (1921) 1 KB 64 propounded the theory that equity and taxes are strangers by observing –
This view was approved by Lord Simson. Similar principle has been adopted by our Supreme Court. In the process a theory grew up that there is no necessary co-relationship between logic and taxation. Both equity and logic lost ground in law of taxation but Supreme Court of India in the case of Nawab Sir Mir Osman Ali Khan’s case, ITR 1986 (162) 888 slightly softened the theory by observing that :–
The ever growing need of the State of collect more and more revenue gave rise to the instinct of the citizen to save its income from the ever growing net of tax gatherers and in the process grew the doctrine that there is nothing immoral in the attempt of a citizen to avoid taxation if he can by appropriate interpretation and construction of statute itself. Justice P.B. Mukerjee says :–
Lord Summer was more emphatic in his speech in House of Lords when he said :–
The legitimate avoidance of tax has been and still is a good law. The tussle between the tax collectors and the citizen has been continuously going on Shri N.A. Palkhiwala said :-
Sri Lew Money told the Royal Commissioner of Income Tax that taxation was the best expenditure he made and he got more satisfaction from it than from any other expenditure laid out by him. Justice Holms of the United States of America while deciding the case about the taxability of Judges salary observed that every citizen has an obligation to contribute for the governance of the State. On another occasion he says, “Taxes are what we pay for a civilized society. I like to pay taxes, with them I buy civilization.” In the prevailing condition in our country today whether the tax-payers would subscribe to the views of these learned and hon’ble men of law. In this introduction of the book on Income Tax Mr. Palkhivala said :–
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