https://www.taxtmi.com/article/detailed?id=1609 Taxing statutes must be interpreted strictly: clear and unambiguous statutory language governs and cannot be extended by intendment or equity. Legal fictions are to be construed contextually to serve their object. If wording is ambiguous, the construction consonant with equity may be preferred. Commercial documents must be read as a whole and construed in commercial parlance, with substance prevailing over form for tax characterisation. en-us Fri, 24 Feb 2012 06:21:39 +0530 Fri, 24 Feb 2012 06:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1609 Taxing statutes must be interpreted strictly: clear and unambiguous statutory language governs and cannot be extended by intendment or equity. Legal fictions are to be construed contextually to serve their object. If wording is ambiguous, the construction consonant with equity may be preferred. Commercial documents must be read as a whole and construed in commercial parlance, with substance prevailing over form for tax characterisation. Articles Wealth Tax Fri, 24 Feb 2012 06:21:39 +0530 https://www.taxtmi.com/article/detailed?id=1609