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Clandestine removal charges based on shortages in stock cannot be upheld in absence of sufficient evidence

Expenditure on Software where biling is done on basis of actual use is a revenue expense

Sec 14A - Disallowance made cannot exceed the exempt income

Sec 159 - Legal heir can be assessed w.r.t. inherited assets in case of death of Taxpayer

Harmonised Master List of Infrastructure Sub-sectors for the purposes of section 10(23FE) of Income-tax Act 1961
