Statutory provisions should be interpreted considering the legislative intention

K.P. Varghese Vs ITO (Supreme Court of India) Supreme Court held that where the plain literal interpretation of a statutory provision produces a manifestly absurd and unjust result which could never have been intended by the Legislature, the Court may modify the language so as to achieve the obvious intention of the Legislature. Facts- The appellant assessee sold his house in Ernakulam on 25th of December, 1965 to his daughter-in-law and five of his children for the same price of Rs. 16,500 at which he purchased in the year 1958. The assessment of the assessee for AY 1966-67 for which the rele...