that if the employers‟ as well as employees‟ contribution towards
provident fund and ESI is paid before the due date of filing of return ... section (1) deals with deductions on account of
contribution towards a recognized provident fund or an approved
superannuation fund made by the assessee
Court that for admissibility of a contribution
towards a recognized provident fund as permissible
deduction, a contribution must have been made in
accordance with ... eligible for
deduction under the said section, which were made towards
recognized provident fund or approved superannuation fund or even
an approved gratuity fund. Such
provision, the contribution had to be to a "recognized provident fund
or an approved superannuation fund or a Deposit-linked Insurance
Fund established under
executive staff provident fund. The assessed in that case contended that the executive staff provident fund of the company being unrecognized, it was entitled ... provided for a specific deduction for the contribution made to a recognized provident fund, the legislature should be taken to have implied that contribution
assessee as an employer by way of contribution towards a
recognized provident fund or an approved superannuation
fund subject to limits that may be prescribed
said scheme prevailing in the Institute was not a fully
recognized Provident Fund.
The Board of Management decided that the current
scheme in operation
paid by the assessed by way of contribution towards a recognized provident fund or an approved superannuation fund". Clause (v) of Section
paid by the assessed by way of contribution towards a recognized provident fund or an approved superannuation fund". Clause (v) of section
employer, whether directly or through a fund, other than a recognized provident fund or an approved superannuation fund to effect an assurance on the life
provides
that "recognized provident fund" means a provident
fund which has been and continues to be recognized
by the Commissioner in accordance with ... Industry Export Corp.
Ltd., appear to be one of the Provident Fund to which
Provident Fund Act of 1925/1952 applies, no further
recognition
