https://www.taxtmi.com/caselaws?id=37942 Deductibility of employees' provident fund contributions under section 37(1) depends on proof that a contributory provident fund was validly established under section 63 of the U.P. Co-operative Societies Act, 1965 and that the statutory conditions were met, including that the fund was not used in the society's business, did not form part of its assets, and that interest and investments were dealt with according to the rules. Where the Tribunal records no findings on these material facts, the deduction claim cannot be treated as established on the basis of discharge of a statutory liability and requires further factual determination. en-us Mon, 13 Feb 1978 00:00:00 +0530 Fri, 02 Apr 2010 12:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37942 Deductibility of employees' provident fund contributions under section 37(1) depends on proof that a contributory provident fund was validly established under section 63 of the U.P. Co-operative Societies Act, 1965 and that the statutory conditions were met, including that the fund was not used in the society's business, did not form part of its assets, and that interest and investments were dealt with according to the rules. Where the Tribunal records no findings on these material facts, the deduction claim cannot be treated as established on the basis of discharge of a statutory liability and requires further factual determination. Case-Laws Income Tax Mon, 13 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37942