Provident fund exempt under section 17(1) of the Employees' Provident Fund Act, 1952 - Whether recognition by the Commissioner necessary before it can enjoy benefits of recognised provident fund

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....nder section 17(1) of the Employees' Provident Fund Act, 1952 - Whether recognition by the Commissioner necessary before it can enjoy benefits of recognised provident fund 1. Reference is invited to Board's Circular F. No. 44/14/64-ITJ, dated 22-3-1965 [Annex] on the above subject. 2. Iam directed to say that the Board has re-examined the contents of its circular referred to above. According....

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....come-tax Act before they can be covered by the definition in section 2(38). 3. When a fund is exempted under section 17 of the Employees' Provident Fund and Family Pension Fund Act, 1952, it is implicit that it is not established under the Employees' Provident Fund Scheme, 1952. It has, therefore, to be recognised by the Commissioner under the relevant provisions of the Income-tax Act before it....