Concise Commentary on Income Tax Act, 2025

This book has been designed to serve as a comprehensive yet practical guide to the Income Tax Act, 2025, bringing together the essential elements required for a thorough understanding of the law.

The contents are organized into four key components:

1. Bare Act of the Income Tax Act, 2025
   • The statutory provisions are presented in a clear and accessible manner.
2. Concise Comments
   • The comments have been kept concise and focused, enabling quick reference without overwhelming the reader.
3. Case Laws
   • Important judicial pronouncements relevant to taxation principles are summarized in simple terms.
   • Each summary extracts the core ratio decidendi (the principle of law laid down) and its practical application.
4. Gist of Important Circulars and Notifications under the Income Tax Act, 1961
   • This section consolidates and presents the most important circulars/notifications of the 1961 Act in a concise and digestible format.