Month: April 2011

After extensive research, the author makes out a strong case to contend that exempt income was never intended to fall within the concept of “book profits” in s. 115JB. He argues with convixtion that the judgement of the Special Bench of the Tribunal in Rain Commodities 41 DTR 449 which holds to the contrary requires reconsideration

The authors, eminent practicing advocates, have written this invaluable guide on the law of Judicial Precedents, Judicial Discipline, Contempt and Res Judicata. Apart from explaining the law in a simple and succinct manner, the authors have cited a large number of landmark judgements to support the legal propositions