https://www.taxtmi.com/caselaws?id=386504 An approved superannuation fund continued to qualify for exemption under section 10(25)(iii) because the approval granted under Part B of Schedule IV remained valid for the relevant assessment years, and Rule 2 did not require renewal every three years. The assessee was therefore entitled to the statutory benefit, and the absence of periodic renewal did not defeat exemption where the governing rules imposed no such condition. A wrong citation of the exemption provision also did not disentitle the assessee when entitlement in law was otherwise established. The Revenue's challenge to the exemption consequently failed. en-us Thu, 19 Sep 2019 00:00:00 +0530 Sat, 28 Sep 2019 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386504 An approved superannuation fund continued to qualify for exemption under section 10(25)(iii) because the approval granted under Part B of Schedule IV remained valid for the relevant assessment years, and Rule 2 did not require renewal every three years. The assessee was therefore entitled to the statutory benefit, and the absence of periodic renewal did not defeat exemption where the governing rules imposed no such condition. A wrong citation of the exemption provision also did not disentitle the assessee when entitlement in law was otherwise established. The Revenue's challenge to the exemption consequently failed. Case-Laws Income Tax Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386504