Section 9 in Employees Provident Funds Miscellaneous Provisions Act, 1952
9. Fund to be recognized under Act 11 of 1922
For the purposes ... Fund shall be deemed to be a recognized provident fund within the meaning of Chapter IX-A of that Act: [PROVIDED that nothing contained
regulations.
3. The assessee also argued that the trust was a recognized provident fund and it credited the interest received by it from the investment ... authorities cited at Bar carefully. The appellant before us is a recognized provident fund. The short point is whether the assessee-fund was liable
rule 3 of
Rule 5 to Schedule-IV of Recognized Provident Fund, without
appreciating that they are rules applicable to and to be followed ... Fund and Trust in order to get recognition as Recognized
Provident Funds. It was further contended that the ld CIT(A) erred
in deleting
Delhi Provident Fund". The counsel for the appellant submitted that
their provident fund trust is a trust registered under Provident Fund
Act, 1925 /1952 ... provident is considered
as fund to which the Provident Fund Act 1925/1952 applies, it amounts to
a "Recognized Provident Fund" within
clear that every
statutorily recognized provided fund is recognized provided fund, but
every recognized provided fund is not statutorily recognized.
(3) The assessee ... force Employees Provident Fund and
Miscellaneous Provisions Act, 1952 was recognized as recognized Provident
Fund. Inadvertently amendment in section 9 of Employees Provident Fund
phrase "Recognized Provident Fund" means a provident fund which has
been and continues to be recognized by the CCIT or CIT in accordance ... since the provident fund of Indian
Sugar Industry Export Corp. Ltd. appears to be one of the Provident Fund to
which Provident Fund
reason that
the Provident Fund of the assessee was not a recognized
Provident Fund ... provident fund
is considered as fund to which Provident Fund
Act, 1925 /1952 applies, it amounts to a
"Recognized provident fund" within
referred to above , I hold that the
assessee has contributed to recognized provident fund trust and
hence the contributions made to such recognized provident fund ... provident fund is
considered as fund to which Provident Fund Act,
1925 /1952 applies, it amounts to a "Recognized
provident fund" within
income received by the trustees on behalf of a recognized provident
fund;'
The same is denied on the ground that ... recognized provident fund.
The moot question thus is if the assessee can be regarded as a recognized
provident fund, which is defined
assessee as an employer by way of
contribution towards a recognized provident fund or an
approved superannuation fund, subject to such limits ... provident fund is
considered as fund to which Provident Fund Act, 1925 /1952
applies, it amounts to a "Recognized Provident Fund" within
