https://www.taxtmi.com/caselaws?id=331313 A provident fund established under the Employees Provident Funds Act, 1952 was treated as a recognised provident fund for income-tax purposes, so premature withdrawals fell under the Fourth Schedule and related TDS provisions rather than section 10(11). The Tribunal rejected the view that Rule 1 of Part A excluded such withdrawals, noting that the scheme's withdrawal conditions did not disapply the Income-tax Act. On computation, a flat 50% estimate was found unsustainable without employee-wise details; the matter was remanded for fresh computation limited to pre-five-year withdrawals, with credit for tax already paid and guidance from section 192A. en-us Wed, 03 Aug 2016 00:00:00 +0530 Fri, 19 Aug 2016 10:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331313 A provident fund established under the Employees Provident Funds Act, 1952 was treated as a recognised provident fund for income-tax purposes, so premature withdrawals fell under the Fourth Schedule and related TDS provisions rather than section 10(11). The Tribunal rejected the view that Rule 1 of Part A excluded such withdrawals, noting that the scheme's withdrawal conditions did not disapply the Income-tax Act. On computation, a flat 50% estimate was found unsustainable without employee-wise details; the matter was remanded for fresh computation limited to pre-five-year withdrawals, with credit for tax already paid and guidance from section 192A. Case-Laws Income Tax Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331313