https://www.taxtmi.com/caselaws?id=185165 Employees' provident fund contributions were held not deductible as business expenditure because section 10(4)(c) required an effective arrangement made by the assessee to secure deduction of tax at source, and the mere existence of trustees or a general statutory deduction obligation was insufficient. The provision was given independent meaning and could not be treated as redundant. The capital-expenditure objection under section 58K(1) also failed, because that deeming rule applied only where an existing provident fund or accumulated balance was transferred to trustees, which did not occur on the facts. The reference was therefore answered against the assessee on deductibility, while the section 58K(1) objection was inapplicable. en-us Wed, 25 Apr 1962 00:00:00 +0530 Tue, 02 Aug 2016 16:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185165 Employees' provident fund contributions were held not deductible as business expenditure because section 10(4)(c) required an effective arrangement made by the assessee to secure deduction of tax at source, and the mere existence of trustees or a general statutory deduction obligation was insufficient. The provision was given independent meaning and could not be treated as redundant. The capital-expenditure objection under section 58K(1) also failed, because that deeming rule applied only where an existing provident fund or accumulated balance was transferred to trustees, which did not occur on the facts. The reference was therefore answered against the assessee on deductibility, while the section 58K(1) objection was inapplicable. Case-Laws Income Tax Wed, 25 Apr 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185165