A taxpayer lost all deductions for AY 2024–25 as late ITR e-verification made her return belated, forcing her into the new tax regime. Timely verification is now essential.
Indian law grants cross-class protection to famous trademarks like TATA and WIPRO, preventing misuse of well-known names across unrelated industries.
Conflicting interpretations on Section 87A emerged as CIT(A) allowed rebate on short-term capital gains, while CBDT Circular 13/2025 restricted it to slab-rate income, leaving taxpayers uncertain.
