https://www.taxtmi.com/caselaws?id=194798 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision that contributions exceeding 27% of an employee's salary to an Approved Superannuation Fund are entitled to deduction under Section 36(1)(iv) of the Income Tax Act. The Court ruled that even if disallowed under Section 36(1)(iv), the expenditure is allowable under Section 37 of the Act. Consequently, the assessee was granted deduction under Section 37, rendering the Revenue's question of law moot. The appeal was dismissed with no order as to costs. en-us Wed, 06 Mar 2013 00:00:00 +0530 Wed, 27 Sep 2017 16:38:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194798 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision that contributions exceeding 27% of an employee's salary to an Approved Superannuation Fund are entitled to deduction under Section 36(1)(iv) of the Income Tax Act. The Court ruled that even if disallowed under Section 36(1)(iv), the expenditure is allowable under Section 37 of the Act. Consequently, the assessee was granted deduction under Section 37, rendering the Revenue's question of law moot. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Wed, 06 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194798