It is well accepted that a statute must be construed according to the intention of the legislature and courts should act upon the true intention of the legislation while applying law and while interpreting the law . If a statutory provision is open to more than one meaning , the Court has to choose the interpretation which represents the intention of the legislature.
PCIT v. Aarham Softronics (2019) 412 ITR 632 / 261 Taxman 529 / 175 DTR 105 / 307 CTR 233 (SC ),www.itatonline.org
Interpretation of taxing statutes – Intention of legislature to be seen – Industrial undertaking- Initial assessment year. [ S.80IC ]