https://www.taxtmi.com/article/detailed?id=459 The preamble should state the statute's scope and limitations to guide interpretation; a narrowly drafted preamble risks rendering measures inconsistent with legislative purpose. In the Direct Taxes Code draft, a preamble limited to consolidation and amendment may not clearly authorise levy, administration or incidental mechanisms, creating potential ultra vires exposure for measures such as a fringe benefits-style levy and deemed-gift provisions. A revised preamble explicitly authorising levy, determination, collection and administration of direct taxes is proposed to remove ambiguity and align subordinate provisions with the Code's foundational objectives. en-us Thu, 13 Aug 2009 00:00:00 +0530 Thu, 10 Dec 2009 19:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=459 The preamble should state the statute's scope and limitations to guide interpretation; a narrowly drafted preamble risks rendering measures inconsistent with legislative purpose. In the Direct Taxes Code draft, a preamble limited to consolidation and amendment may not clearly authorise levy, administration or incidental mechanisms, creating potential ultra vires exposure for measures such as a fringe benefits-style levy and deemed-gift provisions. A revised preamble explicitly authorising levy, determination, collection and administration of direct taxes is proposed to remove ambiguity and align subordinate provisions with the Code's foundational objectives. Articles Income Tax Thu, 13 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=459