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 https://bempl.in/demo/mmjc/wp-content/uploads/2025/07/Chartered-Secretary-PIT-3.pdf
The link to the Chartered Secretary https://www.icsi.edu/media/webmodules/linksofweeks/ICSI-February_2021.pdf