A five-judge bench of the Supreme Court today declared that when there is an ambiguity in an exemption notification, the view favouring the Revenue should be adopted. The bench comprising Justices Ranjan Gogoi, N.V. Ramana, R. Banumathi, Mohan M. Shantanagoudar and S. Abdul Nazeer has overruled the ratio in Sun Export case wherein it was ruled that an ambiguity in a tax exemption provision or […]
The post When there is Ambiguity in Exemption Notification, it should be Interpreted in Favour of Revenue: SC appeared first on Taxscan | Simplifying Tax Laws.
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