https://www.taxtmi.com/caselaws?id=11145 A provident fund contribution is deductible only if it is made to a recognised or approved fund under the Income-tax Act; a mere exemption under the Employees' Provident Funds Act does not satisfy that requirement, so the claim was disallowed. A payment made to the Government for deputed employees was treated as business expenditure, because its character in the assessee's hands remained a business outgoing and not a provident fund contribution, so the deduction was allowed. The court also followed earlier decisions to hold that payment for the unexpired portion of a route permit was not revenue expenditure, while a donation to the Chief Minister's Drought Relief Fund was allowable as a deduction. en-us Sat, 12 Sep 1998 00:00:00 +0530 Fri, 31 Jul 2009 19:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11145 A provident fund contribution is deductible only if it is made to a recognised or approved fund under the Income-tax Act; a mere exemption under the Employees' Provident Funds Act does not satisfy that requirement, so the claim was disallowed. A payment made to the Government for deputed employees was treated as business expenditure, because its character in the assessee's hands remained a business outgoing and not a provident fund contribution, so the deduction was allowed. The court also followed earlier decisions to hold that payment for the unexpired portion of a route permit was not revenue expenditure, while a donation to the Chief Minister's Drought Relief Fund was allowable as a deduction. Case-Laws Income Tax Sat, 12 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11145