Embracing Blue Pencil Theory Under The Income Tax Act – A Rational Approach

At the very glance of the title of this article one may very well ask: what is the Doctrine/Rule of Blue Pencil and its play in the field of taxation laws especially under the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’) though the principles underlying such doctrine manifestly seem to have been invoked in a few cases by the Courts in the absence of any reference in regard thereto.At the very glance of the title of this article one may very well ask: what is the Doctrine/Rule of Blue Pencil and its play in the field of taxation laws especially under the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’) though the principles underlying such doctrine manifestly seem to have been invoked in a few cases by the Courts in the absence of any reference in regard thereto.taxmann.com Latest ArticlesRead More

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