2010 (11) TMI 804

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....ndran Nair, J.- The connected appeals are filed by the assessee challenging the orders of the Tribunal confirming the Income-tax assessments for assessment years 1996-97 and 1997-98. We have heard Sri. Arun Raj, learned counsel for the appellant and standing counsel Sri. Jose Joseph for the respondent.   2. The common issue raised is whether the Tribunal was justified in confirming disallo....

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....rred to therein are funds for the benefit of the employees. What sub-clause (9) says is that in order to get exemption for such contributions, employees funds should be those falling under section 36(1)(iv) and (v) of the Act or as required by any other law for the time being in force. The assessee has no case that employer's contribution was made to a Fund in terms of clauses (iv) and (v) of sect....