Tax Statute Interpretation Must Strictly Follow Language: No Room for Intendment, Words' Clear Meaning Governs.

It is by now well settled that in a taxing statute there is no scope of any intendment and the same has to be construed in terms of the language employed in the statute and that regard must be had to the clear meaning of the words and that the matter should be governed wholly by the language of the rules and the notification. - HC .....

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