Lexis Nexis’s Supplement to Chaturvedi & Pithisaria’s Income Tax Law 2024 by Chaturvedi and Pithisaria – 8th Edition 2025.

The Supplement to Chaturvedi and Pithisaria’s Income Tax Law (8th Edition, 2025) is an essential companion designed to protect and enhance the utility of your existing Volumes 1 to 11. Comprising three logical divisions, it advances the legendary commentary by systematically analyzing the sweeping legislative amendments made to the Income-tax Act, 1961 by the Finance Act, 2024 and the Finance (No. 2) Act, 2024. It provides precise references back to the relevant pages, sections, and chapters in the main series for all additions, substitutions, omissions, and deletions.

Bridging the 11-Volume Masterwork

Taxation law changes rapidly, and practicing without the latest statutory text is a major risk. This supplement seamlessly patches the main commentary with governmental and departmental updates recorded up to 16 October 2024:

• Comprehensive Act & Rules Updates: Features the fully updated Income-tax Act, 1961 and changes to the Income-tax Rules, 1962 (from the 21st Amendment Rules, 2023 through the 9th Amendment Rules, 2024).

• Budget Speech & Topic Overviews: Includes exact extracts and a topic-wise overview of both 2024 Finance Acts, placing the bare amendments into their proper legislative context.

Critical Jurisprudence & DTAA Updates

Beyond bare acts, the Chaturvedi & Pithisaria brand is famous for its deep judicial and international tax analysis.

• Key Amendment Analysis: Provides an exhaustive breakdown of the most disruptive recent changes, including the new tax treatment of corporate buy-backs, capital gains restructuring, and income escaping reassessments.

• Dispute Resolution: Contains the complete Direct Tax Vivad Se Vishwas Rules, 2024 along with the official Guidance Note.

• Judicial & Treaty Updates: Features new and amended Double Tax Avoidance Agreements (DTAAs) and a detailed discussion on landmark recent judgments, such as Union of India v. Rajeev Bansal (dated 3 October 2024).

Who Should Buy This Book?

• Chartered Accountants & Tax Litigators: An absolute necessity for any professional who currently owns the 8th Edition of the 11-volume set, ensuring their courtroom and advisory arguments remain valid.

• Corporate CFOs & Portfolio Managers: Essential for understanding how the Finance Act (No. 2) 2024 affects long-term capital gains, equity buy-backs, and corporate tax liabilities.

• Income Tax Appellate Tribunal (ITAT) Members: Provides the authoritative, updated statutory text required for assessing ongoing tax disputes.

About the Legendary Authors

Chaturvedi & Pithisaria The late Shri K. Chaturvedi and late Shri S. M. Pithisaria are legendary Indian legal scholars whose names are synonymous with the most authoritative and comprehensive multi-volume treatise on direct taxes in India.

Published by LexisNexis India, their Income Tax Law literature has served as an essential, heavily relied-upon reference for the Indian judiciary, tax authorities, and elite legal practitioners for over five decades. Their legacy of incorporating deep constitutional interpretations alongside massive volumes of judicial pronouncements makes this commentary the gold standard in Indian tax law.

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