assessee as an employer by way of
contribution towards a recognized provident fund or an approved
superannuation fund, subject to such limits ... fourth schedule of the
IT Act :
“Part A
Recognized Provident Funds
Definitions.
2. In this Part, unless the context otherwise requires, --
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(c) “contribution” means
relates to definition and clause (a) provides that a "recognized provident fund" means a provident fund which has been said continues ... respect of the contributions made by him to the recognized provident fund up to the limit mentioned in section 58F. Tax is payable only
Section 36(1)(iv) the employer's
contribution towards recognized provident fund or approved
superannuation alone is to be allowed as a deduction subject ... Section 36(1)(iv) the employer's
contribution towards recognized provident fund or approved
superannuation alone is to be allowed as a deduction subject
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
whether directly or
indirectly or through a fund, other than a recognized
provident fund or an approved superannuation fund, to effect
an assurance
business expenditure, the requirement being contribution should be made to a recognized provident fund.
Needless to mention that this Hon'ble Court
balance at the credit of an
employee participating in a
recognized provident fund, to
the extent to which it is
chargeable to tax under rule ... Fourth
Schedule of an employee
participating in a recognized
provident fund, to the extent to
which it is chargeable to tax
under sub-rule
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
disputed that the assessee had contributed the provident fund for its employees under the Provident Funds Act, 1925 . Further, it cannot be disputed that ... only talks about grant of deduction in respect of recognized provident fund. Keeping this in view, we do not find that any illegality has been
provision, the contribution had to be to a "recognized provident fund
or an approved superannuation fund or a Deposit-linked Insurance
Fund established under
