https://www.taxtmi.com/caselaws?id=468909 Employer contribution to a recognised provident fund must be tested against the statutory ceiling under section 36(1)(iv) and Rule 87 on an employee-wise basis, because the limit applies with reference to the same employee rather than aggregate gross payments. The computation adopted by the lower authorities was inconsistent with that scheme as it did not examine the claim employee-wise. The addition was set aside and the matter was remitted for fresh verification, with direction to recalculate the claim employee-wise and pass a speaking order after granting the assessee an opportunity of hearing. en-us Fri, 07 Feb 2025 00:00:00 +0530 Mon, 25 May 2026 20:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468909 Employer contribution to a recognised provident fund must be tested against the statutory ceiling under section 36(1)(iv) and Rule 87 on an employee-wise basis, because the limit applies with reference to the same employee rather than aggregate gross payments. The computation adopted by the lower authorities was inconsistent with that scheme as it did not examine the claim employee-wise. The addition was set aside and the matter was remitted for fresh verification, with direction to recalculate the claim employee-wise and pass a speaking order after granting the assessee an opportunity of hearing. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468909