Eye Share: Dissecting 5-Judge Constitution Bench ruling on ‘ambiguous’ exemption notifications

A 21-year-old settled position of law that ‘in case of ambiguity, a tax exemption provision or notification should be construed in favor of the taxpayer’ does not hold good in light of the recent 5-Judge Constitution Bench ruling of SC, overruling Sun Exports case (rendered in 1997) and catena of judgments holding a similar view.This landmark SC constitution bench ruling has been analysed by Bhagyashree & Shrikant Gupta (Associates of BMR lega...