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Sampath Iyengar’s Law of Income Tax (In 11 vols.) - Volume 1

Sampath Iyengar’s Law of Income Tax (In 11 vols.) - Volume 1

by A C Sampath Iyengar and Revised by S Rajratman
About Book:

This is 12th Edition of Commentary on the Income Tax Act, 1961 by A.C. Sampath Iyengar as revised by S. Rajaratnam (Member (Retd.), ITAT, Advocate & Tax Management Consultant).  The commentary contains various judgments of the Apex Court, High Courts, Tribunals and Authority for Advance Rulings. It also contains notifications, circulars, instructions issued by the Income Tax Department.  This Commentary attempts to make the law intelligible with the precedents explained with comments thereon linking with earlier precedents bringing out the rationale behind them and pointing out cases in need of review, lest it may not lead to miscarriage of justice. Every effort has been made by classifying the decisions under appropriate heads with comments, so that the precedents are properly understood or appreciated. Every attempt has been made to make it neutral between revenue and the taxpayer to make this commentary more useful and better serve the cause of justice. The precedents of the Tribunal, where there has been no decision of the High Court or where there is useful discussion on law have been highlighted. It is in the context of uncertainties of law with interpretation being constantly unsettled, all efforts are taken in updating this classic work to make it not only useful for tax compliance but for the tax authorities and the framers of law to steer the law towards reasonableness and certainty and make the task of compliance more facile giving lesser scope for debatable interpretations and unlimited discretion placing the taxpayer at the mercy of tax collectors, with no accountability on the part of not only the officers of the Income Tax Department, a feature common to the public servants of both Centre and State Governments. Simplification is an urgent necessity. This books has also highlighted the areas where there is a need for reforms. 

Justice M. B. Shah (Chairman, SIT on Black Money, Former Judge, Supreme Court of India and Former Chief Justice, High Court of Bombay) in the Foreword to the book states, "I appreciate the author for exploring various provisions of Income Tax Law, from different angles. Hence, I am confident that this exhaustive book on "Law of Income Tax" would be useful to Income Tax Officers, Appellate Tribunal, Courts, assessees and the learned advocates practicing Tax Law."

This volume 1 of the Commentary covers Section 1 to Section 8 of the Income tax Act, 1961.   

Categories: Direct Taxes
Publisher: Bharat Law House Pvt Ltd
About Publisher:

Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.  

Author: A C Sampath Iyengar and Revised by S Rajratman
About Author:
A C Sampath Iyengar and Revised by S Rajratman :

ABOUT THE REVISING AUTHOR-

S.RAJARATNAM, M.A., LL.M., F.I.C.W.A., after a brief spell as a lecturer in Economics joined Indian Revenue Service, rose to the position of Commissioner of Income Tax and retired as Accountant Member, Income-tax Appellate Tribunal in 1985. During service, he was deputed to Sri Lanka as Taxation Expert in 1960-62 and to the Government of Tamil Nadu as Member, Tamil Nadu Sales-tax and Agricultural Income-tax Appellate Tribunal during 1971-76. He is a Fellow Member of the Institute of Cost Accountants of India and a Life Member of the Indian Law Institute. He is presently having chamber practice as an Advocate & Tax Consultant and is Honorary Director (Education & Research), Society of Auditors, Chennai. He is a regular participant in seminars and workshops conducted by professional institutions. He is a prolific writer contributing to various tax journals and in the editorial Board of Current Tax Reporter, Jodhpur and Modern Rationalist, Chennai.

He has authored and co-authored several books on topical subjects with the present publisher, Bharat Law House Pvt. Ltd., New Delhi like Voluntary Disclosure Scheme, Kar Vivad Samadhan Scheme, Concession for Foreign Exchange Earners, Deduction for Industries in Backward Districts and Search and Seizure. His book on “Tax Planning” is published by Bharat Law Publications, Jaipur jointly with LexisNexis India, Delhi. His books Treatise on Double Tax Avoidance Agreement, Law and Procedure on Charitable Trusts and Religious Institutions and MAT are published by Snow White Publications, Mumbai. The Bookss titled ‘Landmark Cases’, Corporate Taxation, Tax Management, Tax Valuation, Tax Audit Report, Post-search Assessments, Income Tax Prosecution, Black Money Act and Transfer Pricing are published by Company Law Institute of India Pvt. Ltd., Chennai.


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About Book:

This is 12th Edition of Commentary on the Income Tax Act, 1961 by A.C. Sampath Iyengar as revised by S. Rajaratnam (Member (Retd.), ITAT, Advocate & Tax Management Consultant).  The commentary contains various judgments of the Apex Court, High Courts, Tribunals and Authority for Advance Rulings. It also contains notifications, circulars, instructions issued by the Income Tax Department.  This Commentary attempts to make the law intelligible with the precedents explained with comments thereon linking with earlier precedents bringing out the rationale behind them and pointing out cases in need of review, lest it may not lead to miscarriage of justice. Every effort has been made by classifying the decisions under appropriate heads with comments, so that the precedents are properly understood or appreciated. Every attempt has been made to make it neutral between revenue and the taxpayer to make this commentary more useful and better serve the cause of justice. The precedents of the Tribunal, where there has been no decision of the High Court or where there is useful discussion on law have been highlighted. It is in the context of uncertainties of law with interpretation being constantly unsettled, all efforts are taken in updating this classic work to make it not only useful for tax compliance but for the tax authorities and the framers of law to steer the law towards reasonableness and certainty and make the task of compliance more facile giving lesser scope for debatable interpretations and unlimited discretion placing the taxpayer at the mercy of tax collectors, with no accountability on the part of not only the officers of the Income Tax Department, a feature common to the public servants of both Centre and State Governments. Simplification is an urgent necessity. This books has also highlighted the areas where there is a need for reforms. 

Justice M. B. Shah (Chairman, SIT on Black Money, Former Judge, Supreme Court of India and Former Chief Justice, High Court of Bombay) in the Foreword to the book states, "I appreciate the author for exploring various provisions of Income Tax Law, from different angles. Hence, I am confident that this exhaustive book on "Law of Income Tax" would be useful to Income Tax Officers, Appellate Tribunal, Courts, assessees and the learned advocates practicing Tax Law."

This volume 1 of the Commentary covers Section 1 to Section 8 of the Income tax Act, 1961.   

Categories: Direct Taxes
Publisher: Bharat Law House Pvt Ltd
About Publisher:

Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.  

Author: A C Sampath Iyengar and Revised by S Rajratman
About Author:
A C Sampath Iyengar and Revised by S Rajratman :

ABOUT THE REVISING AUTHOR-

S.RAJARATNAM, M.A., LL.M., F.I.C.W.A., after a brief spell as a lecturer in Economics joined Indian Revenue Service, rose to the position of Commissioner of Income Tax and retired as Accountant Member, Income-tax Appellate Tribunal in 1985. During service, he was deputed to Sri Lanka as Taxation Expert in 1960-62 and to the Government of Tamil Nadu as Member, Tamil Nadu Sales-tax and Agricultural Income-tax Appellate Tribunal during 1971-76. He is a Fellow Member of the Institute of Cost Accountants of India and a Life Member of the Indian Law Institute. He is presently having chamber practice as an Advocate & Tax Consultant and is Honorary Director (Education & Research), Society of Auditors, Chennai. He is a regular participant in seminars and workshops conducted by professional institutions. He is a prolific writer contributing to various tax journals and in the editorial Board of Current Tax Reporter, Jodhpur and Modern Rationalist, Chennai.

He has authored and co-authored several books on topical subjects with the present publisher, Bharat Law House Pvt. Ltd., New Delhi like Voluntary Disclosure Scheme, Kar Vivad Samadhan Scheme, Concession for Foreign Exchange Earners, Deduction for Industries in Backward Districts and Search and Seizure. His book on “Tax Planning” is published by Bharat Law Publications, Jaipur jointly with LexisNexis India, Delhi. His books Treatise on Double Tax Avoidance Agreement, Law and Procedure on Charitable Trusts and Religious Institutions and MAT are published by Snow White Publications, Mumbai. The Bookss titled ‘Landmark Cases’, Corporate Taxation, Tax Management, Tax Valuation, Tax Audit Report, Post-search Assessments, Income Tax Prosecution, Black Money Act and Transfer Pricing are published by Company Law Institute of India Pvt. Ltd., Chennai.

Similar Books

Ratings and Reviews

Overall Rating
Review
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