https://www.taxtmi.com/caselaws?id=176819 The appeal was partly allowed. The disallowance of expenditure on the Amarkantak Thermal Power Project was upheld due to inconsistencies in accounting practices. However, the disallowance under section 438 related to Employees' and Employers' contributions to PF and ESI was overturned based on a precedent set by the Karnataka High Court. en-us Mon, 10 Dec 2007 00:00:00 +0530 Tue, 29 Dec 2015 17:37:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176819 The appeal was partly allowed. The disallowance of expenditure on the Amarkantak Thermal Power Project was upheld due to inconsistencies in accounting practices. However, the disallowance under section 438 related to Employees' and Employers' contributions to PF and ESI was overturned based on a precedent set by the Karnataka High Court. Case-Laws Income Tax Mon, 10 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176819