A taxpayer is entitled to stand on a literal construction of the words used regardless of the purpose of the statute.
Citations:
(1879) 4 App Cas 197
Cited by:
Cited – Commissioners of Inland Revenue v McGuckian HL 21-May-1997
Steps which had been inserted into a commercial transaction, but which had no purpose other than the saving of tax are to be disregarded when assessing the tax effect of the scheme. The modern approach to statutory construction is to have regard to . .
Lists of cited by and citing cases may be incomplete.
Income Tax
Updated: 30 April 2022; Ref: scu.221019