https://www.taxtmi.com/caselaws?id=69791 The Tribunal upheld the CIT (Appeals) decision allowing a deduction of Rs. 6,730 as a contribution to provident fund for the assessment year 1977-78. The retrospective recognition of the Fund from 1st Jan., 1976 was granted, based on the Supreme Court precedent. The Tribunal considered Rule 14 of the Fourth Schedule, determining that the deduction of contributions to the Fund should be allowed when payment is made to the employee. The Tribunal affirmed that the liability accrued from 1st Jan., 1976, and dismissed the appeal, in line with the decision of the CIT (Appeals). en-us Fri, 12 Sep 1980 00:00:00 +0530 Tue, 12 Apr 2011 11:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69791 The Tribunal upheld the CIT (Appeals) decision allowing a deduction of Rs. 6,730 as a contribution to provident fund for the assessment year 1977-78. The retrospective recognition of the Fund from 1st Jan., 1976 was granted, based on the Supreme Court precedent. The Tribunal considered Rule 14 of the Fourth Schedule, determining that the deduction of contributions to the Fund should be allowed when payment is made to the employee. The Tribunal affirmed that the liability accrued from 1st Jan., 1976, and dismissed the appeal, in line with the decision of the CIT (Appeals). Case-Laws Income Tax Fri, 12 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69791