{"id":3231,"date":"2014-04-08T17:22:11","date_gmt":"2014-04-08T11:52:11","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=3231"},"modified":"2014-04-08T17:22:11","modified_gmt":"2014-04-08T11:52:11","slug":"get-this-book-if-you-are-looking-for-the-meaning-of-words-and-phrases","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/get-this-book-if-you-are-looking-for-the-meaning-of-words-and-phrases\/","title":{"rendered":"Get This Book If You Are Looking For The Meaning Of Words And Phrases"},"content":{"rendered":"

\"Direct_Taxes_Glossary_2\"<\/a><\/p>\n

When you practice income tax law, or any other law for that matter, the one aspect that will strike you is the emphasis placed by Courts on words and phrases. For instance, if you see the latest judgement of the Supreme Court in CIT vs. Calcutta Knitwears<\/a><\/strong>, you will find that out of 46 paragraphs, the learned Judges have devoted nearly half of the judgement to an explanation on what the term \u201cundisclosed income<\/em>\u201d means and how that expression should be interpreted in a fiscal statute. Judges, at all levels, have a fascination for delving deep into the subject of interpretation of statutes and the meaning of words and phrases. <\/p>\n

Now, what this means is that if you have a practice before the judicial bodies, you can\u2019t afford to be ill-prepared on the subject. You are expected to be well versed with all the nuances of the law, including the judicial meaning of specific words and phrases. <\/p>\n

This is where the treatise, \u201cDirect Taxes Glossary<\/strong>\u201d, by Hon\u2019ble Shri. Rajendra<\/strong>, Accountant Member of the Tribunal, comes very much in handy. It is probably the only book where you will find all the words and phrases used in the Income-tax Act, the Wealth-tax Act and the Gift-tax Act, in one place. <\/p>\n