When State is inclined to give some tax benefit to tax payers, terms or provisions of policy should be interpreted in a liberal manner

Advertisement State Of Gujarat Vs S A Himnani Distributors Pvt Ltd. (Gujarat High Court) The question which is posed for consideration of this Court is, in a case where it is established and proved that due to the act of God and/or other circumstances, it is impossible to fulfill the conditions for availing input tax credit, whether the input tax credit can be denied? Identical question came to be considered by this Court in the case of Rolcon Engineering Co.Ltd. (supra). In the case before the Division Bench, the benefits given to the petitioner under the tax incentive scheme for wind pow...