Web(2) If there are two reasonable interpretations of taxing statutes, the one that favors the assessee has to be accepted. The principle of strict interpretation of taxing statutes … WebRule of literal interpretation This is the most widely used Rule of Interpretation in taxing statutes. Some decisions are given hereunder. In case of CIT v. T.V. Sundaram Iyyengar,24 it was held that if the language of the statute is clear and unambiguous, the Court cannot discard the plain meaning, even if it leads to an injustice.
The Interpretation of Taxing Statutes: The English Perspective
WebIn this webcast, panelists will focus on the proposed regulations procedural rules and interpretation of the Superfund Tax statutes. Related topics Tax Please join EY’s panel of professionals for a webcast focused on the recently released proposed regulations pertaining to the environmental taxes imposed by IRC Sections 4661 and 4671. WebMar 18, 2010 · CARDINAL RULES FOR INTERPRETATION OF TAX STATUTES Interpretation of Statutes – Importance of Subject:. For understanding the provisions of a … ferme de st thibault
Subject: Interpretation of Statute B.A.LL.B-Xth Sem …
WebOct 12, 2024 · (9) Taxation statute: is a statute which imposed a tax on income and which is regulated by taxation or revenue purpose which includes VAT, custom act, etc. (10) … WebFeb 6, 2014 · Rule of Literal Interpretation. The rule of literal construction is widely accepted rule for interpreting the taxing statutes. If the language of the statute is clear and unambiguous, we have to accept the plain meaning even if it leads to some harshness or injustice to the assessee. As long as there is no ambiguity in the statutory language ... WebApr 21, 2024 · 1. Strict Construction states that each word in legislation must be interpreted letter by letter, and the interpretation must not go beyond the scope of the statute. … deleting directory