https://www.taxtmi.com/caselaws?id=10771 The court dismissed the petitioners' claim seeking to apportion arrears credited to the General Provident Fund (GPF) account to previous years for tax relief under section 89 of the Income-tax Act. The court held that the rules do not require such apportionment, and relief under section 89 is limited to recalculating tax liability for the years to which the salary is spread over. Additionally, the court emphasized that rebate under section 88 is only applicable for sums paid in the previous year relevant to the assessment year, not allowing fictional apportionment of GPF contributions to previous years. en-us Thu, 28 Jul 2005 00:00:00 +0530 Fri, 24 Jul 2009 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10771 The court dismissed the petitioners' claim seeking to apportion arrears credited to the General Provident Fund (GPF) account to previous years for tax relief under section 89 of the Income-tax Act. The court held that the rules do not require such apportionment, and relief under section 89 is limited to recalculating tax liability for the years to which the salary is spread over. Additionally, the court emphasized that rebate under section 88 is only applicable for sums paid in the previous year relevant to the assessment year, not allowing fictional apportionment of GPF contributions to previous years. Case-Laws Income Tax Thu, 28 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10771