{"id":3051,"date":"2014-01-07T13:24:44","date_gmt":"2014-01-07T07:54:44","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=3051"},"modified":"2014-01-07T13:24:44","modified_gmt":"2014-01-07T07:54:44","slug":"why-kanga-and-palkhivala-on-income-tax-law-is-a-must-have-for-your-library","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/why-kanga-and-palkhivala-on-income-tax-law-is-a-must-have-for-your-library\/","title":{"rendered":"Why Kanga And Palkhivala On Income-tax Law Is A Must-Have For Your Library"},"content":{"rendered":"

Kanga and Palkhivala’s – The Law and Practice of Income Tax<\/a> (in 2 vols) has just been released. The book is a must-have for all tax professionals<\/em><\/p>\n

\"Kanga_Palkhivala_Income-tax\"<\/a><\/p>\n

Nani Palkhivala had a unique ability which spearheaded his great success in all walks of life: the ability to put complex propositions of law in a simple and easy-to-understand manner. <\/p>\n

You could see the real impact of Palkhivala\u2019s magic in the Budget speeches that he gave annually at Brabourne stadium. Lay people, who had no knowledge of, or interest in, complex fiscal issues, used to throng the stadium in their thousands and wait patiently for hours, only to hear Palkhivala speak. He cast a spell on them, explaining issues with such clarity that they were enchanted. <\/p>\n

The first edition of Kanga & Palkhivala’s ‘The Law & Practice of income-tax’ was released in 1950 when Palkhivala was in top practice, though he was only 2 years in the profession. The success of the book triggered off a misconceived “copyright-infringement suit<\/em>” by Sampath Iyengar, the author of the tome \u201cLaw of Income-tax\u201d. Iyengar argued that Palkhivala had \u201ccopied<\/em>\u201d from his (Iyengar\u2019s) book, a claim that would appear blasphemous to people even today. Sampath Iyengar was an accomplished lawyer in his own right and how he meticulously built his case against Palkhivala and how Palhivala defended himself successfully is a fascinating and compelling story in itself, which you can read here<\/a>. <\/p>\n

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