https://www.taxtmi.com/caselaws?id=426910 A taxing provision for determining turnover tax is construed by its statutory context, and the phrase referring to the highest turnover tax payable or paid in the previous three consecutive years is read with noscitur a sociis. The relevant benchmark is the highest turnover tax as conceded in the return or accounts, or the turnover tax actually paid for those years, as expressly stated in the statute. The construction suggested by the dealer was rejected because it would cut across the clear wording of the provision, and the literal interpretation adopted by the Tribunal was treated as correct. en-us Mon, 01 Aug 2022 00:00:00 +0530 Sun, 28 Aug 2022 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426910 A taxing provision for determining turnover tax is construed by its statutory context, and the phrase referring to the highest turnover tax payable or paid in the previous three consecutive years is read with noscitur a sociis. The relevant benchmark is the highest turnover tax as conceded in the return or accounts, or the turnover tax actually paid for those years, as expressly stated in the statute. The construction suggested by the dealer was rejected because it would cut across the clear wording of the provision, and the literal interpretation adopted by the Tribunal was treated as correct. Case-Laws VAT and Sales Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426910