https://www.taxtmi.com/caselaws?id=29466 A contribution to a recognised provident fund is deductible under section 36(1)(iv) only when made in conformity with the fund rules and the beneficiary satisfies the eligibility conditions; on the stated facts, a managing director was not treated as a member because the rules required permanent service, so the claim failed. An alternative deduction under section 37 depends on proof that the expenditure was laid out wholly and exclusively for business purposes, and that factual foundation had not been recorded. The text therefore emphasises that deduction claims must be supported by the governing scheme and the necessary factual findings. en-us Mon, 01 Feb 1982 00:00:00 +0530 Sat, 13 Mar 2010 11:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29466 A contribution to a recognised provident fund is deductible under section 36(1)(iv) only when made in conformity with the fund rules and the beneficiary satisfies the eligibility conditions; on the stated facts, a managing director was not treated as a member because the rules required permanent service, so the claim failed. An alternative deduction under section 37 depends on proof that the expenditure was laid out wholly and exclusively for business purposes, and that factual foundation had not been recorded. The text therefore emphasises that deduction claims must be supported by the governing scheme and the necessary factual findings. Case-Laws Income Tax Mon, 01 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29466