https://www.taxtmi.com/caselaws?id=29059 A notification issued under section 138(2) of the Income-tax Act had to be construed as a whole, and its language was held to confine its operation to banking companies. The opening reference to practices and usages customary among banking companies, together with the qualifying words linking information, document production, and assessment or recovery matters to an assessee that was a banking company within the meaning of the Banking Companies Act, prevented a wider reading. Earlier general words could not be isolated from the limiting context. On that construction, the notification did not apply generally to all assessees and the challenge failed. en-us Mon, 09 Mar 1981 00:00:00 +0530 Wed, 10 Mar 2010 15:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29059 A notification issued under section 138(2) of the Income-tax Act had to be construed as a whole, and its language was held to confine its operation to banking companies. The opening reference to practices and usages customary among banking companies, together with the qualifying words linking information, document production, and assessment or recovery matters to an assessee that was a banking company within the meaning of the Banking Companies Act, prevented a wider reading. Earlier general words could not be isolated from the limiting context. On that construction, the notification did not apply generally to all assessees and the challenge failed. Case-Laws Income Tax Mon, 09 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29059