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Case lawSupreme Court › CIT v Vegetable Products Ltd
Supreme CourtHelps taxpayers.271(1)(a)(i)s.156s.143

CIT v Vegetable Products Ltd

The provision can be read two ways. Which reading wins?

The provision can be read two ways. Which reading wins?

Yours. Where two reasonable constructions of a taxing provision are possible, the one favourable to the assessee must be adopted. Applied here to hold that penalty is computed on tax payable after credit for amounts already paid.

Decided by the Supreme Court (Supreme Court of India — K.S. Hegde, P. Jaganmohan Reddy and H.R. Khanna JJ (judgment by Hegde J)) on 1973-01-29, reported as (1973) 88 ITR 192 (SC); AIR 1973 SC 927; (1973) 3 SCR 448; (1973) 1 SCC 442; Civil Appeal No. 497 of 1970. It bears on section 271(1)(a)(i), section 156, section 143 of the Income Tax Act 1961, in How Tax Law Is Read matters.

Still good law. Commentary analysing the Constitution Bench decision in Dilip Kumar & Co concludes that Vegetable Products remains valid for charging and taxing provisions, Dilip Kumar having laid down the opposite rule only for exemption notifications. The Constitution Bench itself recorded a consistent view since 1955 that ambiguity in a taxing statute, as distinct from an exemption clause, benefits the subject. Where this was checked.

Why it matters

One sentence that fits almost any interpretation dispute, which is why it is among the most cited authorities in Indian tax practice. Its limit matters as much as its rule — see Dilip Kumar for exemptions.

Binding on every court and authority in India.

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Related

Other authorities on the same sections.