Commercial's Principles of Taxation Law
 

Commercial's Principles of Taxation Law – 2nd Edition, 2025 is a well-structured and authoritative textbook that lays down the foundational principles governing taxation in India. This edition presents a comprehensive and updated account of the legal, conceptual, and procedural framework related to both direct and indirect taxes, as applicable for Assessment Year 2025–26 and relevant Financial Year amendments. Written in a lucid and student-friendly manner, the book is ideal for law students, tax professionals, academicians, and aspirants of competitive and professional examinations.

The book aims to simplify the complex structure of tax laws by focusing on the core principles of tax policy, interpretation, legal doctrines, and judicial trends. It strikes the right balance between theoretical clarity and practical understanding, enabling readers to grasp how tax laws operate within the larger legal and economic context.

Key Features:

• ✅ Conceptual Clarity: Offers clear explanations of core taxation concepts including tax incidence, tax base, taxability, classification, and constitutional provisions.

• ✅ Coverage of Direct & Indirect Taxes: Discusses Income Tax, Goods and Services Tax (GST), and other relevant tax laws with reference to statutes and rules.

• ✅ Constitutional Backdrop: Includes in-depth analysis of the constitutional basis of taxation in India, including Articles 265, 246, and 366, along with principles of federal taxation powers.

• ✅ Judicial Pronouncements: Incorporates landmark Supreme Court and High Court decisions that have shaped tax jurisprudence over the years.

• ✅ Doctrines and Interpretative Tools: Covers key legal doctrines such as the Doctrine of Substance Over Form, Doctrine of Legitimate Expectation, Look Through Principle, and Doctrine of Reasonableness as applicable in taxation law.

• ✅ Practical Applications: Uses examples and illustrations to demonstrate real-life application of tax laws across different contexts such as income classification, exemptions, deductions, and compliance.

• ✅ Recent Amendments & Updates: Fully updated with Finance Act 2025 provisions, new compliance requirements, digital taxation initiatives, and changes in assessment procedures.

• ✅ Student-Oriented Pedagogy: Chapter summaries, case references, and review questions are included to aid academic learning and retention.

Why This Book is Essential:

• 🔹 Ideal Academic Resource: A recommended text for law students, B.Com/M.Com students, and aspirants of CA, CS, CMA, and judiciary examinations.

• 🔹 Policy + Practice Focus: Bridges the gap between academic theory and the practical implications of taxation law for professionals and practitioners.

• 🔹 Legal Foundation for Professionals: Serves as an excellent starting point for junior tax professionals, accountants, and interns in legal or finance fields.

• 🔹 Updated and Authoritative: Reflects the most current legal landscape, including all relevant case laws, statutes, and policy changes introduced up to mid-2025.

• 🔹 Supports Analytical Thinking: Encourages critical evaluation of tax policy, legislative intent, and judicial reasoning in the context of a dynamic tax environment.

Commercial's Principles of Taxation Law – 2nd Edition, 2025 provides a solid legal foundation and a deep understanding of how taxation works in India. Whether you are a student looking to master the subject, a professional building your base in tax law, or a teacher seeking a comprehensive teaching aid, this book delivers reliable and current insights into the principles that shape India’s tax landscape.