Proviso cannot be used to cut down language of main enactment- Precedent — Ratio decidendi alone binding and not what may seem logically to follow from it. [ S. 2(19), 80P(2)(a), 80P(4)]
Mavilayi Service Co-Operative Bank Ltd. v. CIT (2021) 431 ITR 1/ 318 CTR 609 / 197 DTR 361 / 279 Taxman 75(SC)
Interpretation of taxing statutes – Proviso – Ratio decidendi