Question

Following principles are considered as settled while interpreting taxation statutes:

• A. In interpreting a taxation statute, equitable considerations are entirely out of place. Taxation statutes cannot be interpreted on any presumption or assumption.
• B. Before taxing any person, it must be shown that he falls within the ambit of the charging section by clear words used in the section and the golden rule of interpretation applies.
• C. If the words are ambiguous and open to two interpretations, the benefit of interpretation is to be given to the State.
• D. both a) and b).

Answer 1

Answer: (D)

both a) and b).

Answer 2

The correct answer is option (D):both a) and b).