Tax Law Interpretation: Specificity in "Services Namely" Limits Broad Interpretation for Authorized Foreign Exchange Dealers.

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....Authorised Dealer of Foreign Exchange u/s 65 (105) (zm) - Section 65 (105) (12)(a) as also section 65 (12) (a)(ix) specifies services using the expression ‘services namely’ - Such language gives very little scope for an expansive construction of the items enumerated - Commercially bank guarantee and Corporate guarantee were two different financial instruments - AT....