https://www.taxtmi.com/caselaws?id=127693 A taxing provision must be construed strictly and can operate only where its language clearly brings the subject matter within the charge. On that basis, section 18A of the Bombay Sales Tax Act was valid as applied to unsold trading stock retained after cancellation of registration, because the levy was treated as a postponed tax on goods previously purchased for resale or manufacture. However, the same provision could not be extended by implication to plant, machinery and laboratory apparatus, which were capital assets and not "stock of goods remaining unsold". The levy was therefore upheld for unsold stock and disallowed for capital assets. en-us Tue, 24 Jul 1956 00:00:00 +0530 Thu, 14 Mar 2013 14:28:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127693 A taxing provision must be construed strictly and can operate only where its language clearly brings the subject matter within the charge. On that basis, section 18A of the Bombay Sales Tax Act was valid as applied to unsold trading stock retained after cancellation of registration, because the levy was treated as a postponed tax on goods previously purchased for resale or manufacture. However, the same provision could not be extended by implication to plant, machinery and laboratory apparatus, which were capital assets and not "stock of goods remaining unsold". The levy was therefore upheld for unsold stock and disallowed for capital assets. Case-Laws VAT and Sales Tax Tue, 24 Jul 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127693