https://www.taxtmi.com/caselaws?id=17857 The High Court of Andhra Pradesh interpreted rule 75 of the Income-tax Rules in a case involving a private limited company's deduction claim for contributions to a provident fund for its directors. The court distinguished between recognized provident funds and funds under the Employees' Provident Funds Act, 1952, ruling that the contributions were made directly to the Act's Scheme, not to a fund maintained by the company. Consequently, the court allowed the full deduction of Rs. 12,000 under section 36(1)(iv) of the Income-tax Act, emphasizing the importance of precise language in tax rules for deduction determinations. en-us Tue, 10 Sep 1996 00:00:00 +0530 Fri, 25 Sep 2009 12:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17857 The High Court of Andhra Pradesh interpreted rule 75 of the Income-tax Rules in a case involving a private limited company's deduction claim for contributions to a provident fund for its directors. The court distinguished between recognized provident funds and funds under the Employees' Provident Funds Act, 1952, ruling that the contributions were made directly to the Act's Scheme, not to a fund maintained by the company. Consequently, the court allowed the full deduction of Rs. 12,000 under section 36(1)(iv) of the Income-tax Act, emphasizing the importance of precise language in tax rules for deduction determinations. Case-Laws Income Tax Tue, 10 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17857