https://www.taxtmi.com/caselaws?id=60581 The Tribunal allowed the assessee's appeal partially by directing the exclusion of the value of land from the sale consideration in the transfer of the Biccavolu unit. Disallowances of write-off of advance and disallowance of PF contributions were upheld. The disallowance of Rs. 27,021 was allowed as a deduction. The matter of employees' and employer's contributions to PF, ESI, etc., was remanded for verification. The imposition of interest under section 234D was deleted. The disallowance of Rs. 1,37,03,258 by the Revenue was dismissed, confirming the deduction based on actual payments made. en-us Fri, 11 Jan 2008 00:00:00 +0530 Fri, 07 Jan 2011 10:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60581 The Tribunal allowed the assessee's appeal partially by directing the exclusion of the value of land from the sale consideration in the transfer of the Biccavolu unit. Disallowances of write-off of advance and disallowance of PF contributions were upheld. The disallowance of Rs. 27,021 was allowed as a deduction. The matter of employees' and employer's contributions to PF, ESI, etc., was remanded for verification. The imposition of interest under section 234D was deleted. The disallowance of Rs. 1,37,03,258 by the Revenue was dismissed, confirming the deduction based on actual payments made. Case-Laws Income Tax Fri, 11 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60581