1987 (4) TMI 11

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....ncome-tax Act, 1955 (V of 1955) (hereinafter referred to as the Act), suffered by the petitioner at the hands of the respondent on April 18, 1977. That order of assessment was rectified pursuant to the powers reserved for the respondent under section 36(1) of the Act, on February 25, 1980. That was within the time prescribed. By the impugned order dated December 11, 1980, the respondent exercised ....

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....be enlarged by creating a fiction. It is an indisputable proposition that fiscal statutes must be interpreted for the benefit of the subject rather than the State. Furthermore, fiscal statutes must be construed strictly, and the court would not be justified in straining the language and reading something into it in order to find and spell out a power not expressly conferred thereunder on the autho....