Monday, April 27, 2020

Tax Authorities can’t give their Own Interpretation to Legislative Provisions: Supreme Court [Read Judgment]

The Supreme Court held that the Tax Administration Authorities cannot give their own interpretation to legislative provisions on the basis of their own perception of trade practice. The respondent-assessee Bombay Machinery Store had purchased electricity motors and its parts in the said financial year out of the State and sold them to purchasers within the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/35cDcED

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