https://www.taxtmi.com/caselaws?id=800559 Rule 87 sets the ceiling for annual employer contributions to an approved superannuation fund and cannot cap contributions to a recognised provident fund. Employer provident-fund contributions above 12% may be taxable as salary for employees, while the employer's deduction remains conditional on actual payment under Section 43B. Business expenditure must be proved as incurred wholly and exclusively for business; incomplete, self-made, or unverifiable vouchers may support a reasonable ad hoc disallowance. Illness of the person responsible for tax, finance, and legal matters may constitute sufficient cause for delay where supported by medical evidence. en-us Thu, 10 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800559 Rule 87 sets the ceiling for annual employer contributions to an approved superannuation fund and cannot cap contributions to a recognised provident fund. Employer provident-fund contributions above 12% may be taxable as salary for employees, while the employer's deduction remains conditional on actual payment under Section 43B. Business expenditure must be proved as incurred wholly and exclusively for business; incomplete, self-made, or unverifiable vouchers may support a reasonable ad hoc disallowance. Illness of the person responsible for tax, finance, and legal matters may constitute sufficient cause for delay where supported by medical evidence. Case-Laws Income Tax Thu, 10 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800559