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

The author, an eminent senior advocate, has meticulously researched the entire law on taxation of real estate transactions. The author has dealt with almost all aspects of property related transactions. Apart from his original interpretation of the law, the author has also cited all the landmark judgements on the subject

Shri. R. V. Easwar, the Hon’ble President of the Tribunal, speaks with candour on the sensitive topic of ethics with regard to the tax payer, his advisers as well as the judiciary. While he cautions assessees and tax professionals to beware of the “demon of greed”, he strongly advises the Members of the Tribunal to “scrupulously avoid misdemeanor or deviant behaviour”. The Learned Judge issues the gentle but firm reminder that ethical behaviour amongst the three stake-holders – the assessees, the Bar & the Bench – should never be compromised