Eye Share: An 'IMMOVABLE’ Question of Tax Regimen!

Impact of ‘relevant facts’ is often disregarded in interpretation of statute and when it happens, we are left with nothing but spiral jargon of words, with little or no certainty. To quote simply, the term ‘immovable’ in layman language infers ‘that which cannot be moved’; nonetheless, its usage in statute books seems to have never enjoyed that simpliciter interpretation.Authors Mr. Rajat Chhabra (Partner, Taxcraft Advisors LLP) and Mr. Ketan Tadsar...