https://www.taxtmi.com/caselaws?id=428314 The Court upheld the Tribunal's decision, dismissing the revenue's appeal and ruling against the revenue on the substantial question of law regarding the interpretation of the deduction scheme for contributions to an approved pension fund under the Income Tax Act. The Court emphasized the specific rules governing deductions for contributions to approved superannuation funds and justified the excess contribution made by the assessee due to actuarial valuation shortfalls. The decision was supported by a previous precedent upheld by the High Court of Judicature at Bombay, ultimately affirming the Tribunal's decision in favor of the assessee. en-us Thu, 22 Sep 2022 00:00:00 +0530 Tue, 27 Sep 2022 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428314 The Court upheld the Tribunal's decision, dismissing the revenue's appeal and ruling against the revenue on the substantial question of law regarding the interpretation of the deduction scheme for contributions to an approved pension fund under the Income Tax Act. The Court emphasized the specific rules governing deductions for contributions to approved superannuation funds and justified the excess contribution made by the assessee due to actuarial valuation shortfalls. The decision was supported by a previous precedent upheld by the High Court of Judicature at Bombay, ultimately affirming the Tribunal's decision in favor of the assessee. Case-Laws Income Tax Thu, 22 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428314