For more than 40 years, Students & Professional Practitioners have relied on Taxmann's flagship magazine on Direct Taxes as their "go-to" resource. The goal of this book is to improve the reader's understanding of the Law and their capacity to apply it. In other words, the goal of this book is to give the reader: familiarise yourself with the direct tax provisions. Understanding the direct tax provisions The kind and extent of the provisions relating to direct tax knowledge of the most recent cases in which various courts of law have construed a particular statute Without using section paraphrases or legalese, this book uses straightforward language to illustrate each law's provision in a clear, concise manner with the aid of appropriate examples. This book is beneficialfor students appearing in CA, CS, ICWA, M.Com., LL.B., and MBA examinations. It will also be helpful for those appearing in the income-tax departmental examination.