TAXMANN-YEARLY TAX DIGEST & REFERENCER 2025 IN 2 VOLUMES

Description

Taxmann’s Yearly Publication—Yearly Tax Digest & Referencer—is the definitive annual compendium. This authoritative resource presents professionally drafted, section-wise digests of all case laws reported on taxmann.com throughout the calendar year. Covering landmark decisions from the Supreme Court, High Courts, and the Income-tax Appellate Tribunal, the digest offers critical insights into judicial trends, legislative changes, and regulatory updates. In addition, it includes comprehensive summaries of circulars and notifications issued by the tax authorities, along with curated ‘words and phrases’ that have been judicially defined across various forums.

This book is intended for the following audience:

• Tax Professionals & Accountants – An essential reference for CPAs, chartered accountants, and tax consultants who require up-to-date information on tax law changes and compliance requirements
• Legal Practitioners – Provides in-depth analysis of judicial decisions and legislative reforms, making it a critical tool for attorneys specialising in tax law
• Policy Makers & Regulators – An authoritative guide for government officials and regulatory bodies seeking comprehensive insights into the current tax landscape
• Corporate Finance and Business Leaders – Valuable for business owners and financial executives who must consider the implications of tax policies in strategic planning and operational decision-making
• Students & Academics – A well-structured resource for those studying taxation, public policy, or law, offering clear explanations of complex tax issues

The Present Publication is the 54^th Edition (Volume 1) & 30^th Edition (Volume 2), edited by Adv. M.K. Pithisaria & CA. Abhishek Pithisaria. It incorporates all Case Laws, Circulars and Notifications for the year 2024. The key features of the book are as follows:

• [Section-wise Arrangement] All case law digests, along with circulars and notifications, are systematically organised by subject matter and legal issue, facilitating rapid reference and efficient navigation
• [Comprehensive Judicial Analysis] Each case is analysed to highlight:
  • Affirmed Cases
  • Reversed/Overruled Cases
  • Approved/Disapproved Cases
  • Cases Involving SLP Dismissals/Grants or Issuance of Notices by the Supreme Court
• [Digest Drafted by Professionals] Expertly crafted summaries offer a concise glimpse into the ratio decidendi of each case, ensuring clarity and practical relevance
• [Detailed Subject Index] A robust index system allows users to locate specific cases or topics swiftly, enhancing the utility of the publication
• [Inclusion of Judicially Defined Terms] The book features a dedicated section on ‘words and phrases’ that have been judicially defined by the Supreme Court, High Courts, and Tribunals, providing essential context
• [Coverage of Circulars & Notifications] Comprehensive summaries of all circulars and notifications issued by the tax authorities are included

The coverage of the book is as follows:

• Case Law Digests
  • An exhaustive collection of judicial decisions impacting income tax, arranged in a clear, section-wise format. Each digest includes detailed commentary on the court’s reasoning and the practical implications for tax practice
• Circulars & Notifications
  • Summaries and analyses of all relevant circulars and notifications issued during the year, offering insights into policy shifts and administrative changes
• Judicial Definitions
  • A curated list of judicially defined ‘words and phrases,’ providing essential clarifications and interpretations that are critical to understanding complex tax matters

The structure of the book is as follows:

• Dual-volume Format
  • Volume 1 – Focuses on Income-tax Judgments from the Supreme Court and High Courts reported during the year
  • Volume 2 – Concentrates on the Orders of the Income-tax Appellate Tribunal reported during the year
• Thematic Organisation – Each volume is divided into sections that align with specific legal themes and subject areas, enabling targeted research and quick access to pertinent information
• Enhanced Navigational Tools – A comprehensive subject index, cross-references, and a glossary of key terms ensure that users can locate information quickly and efficiently

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About the authors

M.K. Pithisaria

M.K. Pithisaria is a Commerce graduate who pursued his legal studies at Calcutta University. With over 35 years of experience in the legal field, he has had the privilege of working under the esteemed guidance of the late Shri K. Chaturvedi and the late Shri S. M. Pithisaria.

Abhishek Pithisaria

Abhishek is a Commerce Graduate and an Associate Member (ACP) of the Institute of Chartered Accountants of India and is a Partner in SHAP & Company LLP, Chartered Accountants. Over the years, he has garnered knowledge and experience in direct taxes (including international taxation) and corporate & SEBI laws. He has also appeared in various litigations and disputes before income-tax and appellate authorities.