https://www.taxtmi.com/caselaws?id=59843 A provident fund framed and approved under the Employees' Provident Funds and Family Pension Fund Act, 1952 did not lose its status as a recognised provident fund merely because a later exemption was granted under section 17. The exemption was treated as continuing the fund subject to regulatory conditions, not as extinguishing its statutory character under section 2(38) of the Income-tax Act, 1961. On that basis, deduction under section 36(1)(iv) remained available, and the Commissioner's revision under section 263 was held unsustainable. en-us Wed, 18 May 1983 00:00:00 +0530 Sat, 01 Jan 2011 14:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59843 A provident fund framed and approved under the Employees' Provident Funds and Family Pension Fund Act, 1952 did not lose its status as a recognised provident fund merely because a later exemption was granted under section 17. The exemption was treated as continuing the fund subject to regulatory conditions, not as extinguishing its statutory character under section 2(38) of the Income-tax Act, 1961. On that basis, deduction under section 36(1)(iv) remained available, and the Commissioner's revision under section 263 was held unsustainable. Case-Laws Income Tax Wed, 18 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59843