While interpreting and applying PIT Regulations, predominantly SEBI relies on purposive interpretation. Many times words are read in a larger context to serve the cause. However, there are some occasions where words are not serving the cause and may need amendment in Regulations.
This article was published in a chartered secretary of ICSI by our partner – Mr. Makarand Joshi which deals with such intentional or unintentional wording in PIT Regulations!
The link to the article Click here
The link to the Chartered Secretary Click here