Withdrawal of recognition given to funds

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....he Commissioner as no machinery existed to detect violations of the Rules. 2. Rule 3(3) of Part A and rule 2(3) of Part B and C of the Fourth Schedule to the Income-tax Act, 1961 authorises the Commissioner of Income-tax to withdraw recognition already given to the funds if in his opinion the funds contravene any of the conditions as prescribed under the Fourth Schedule as also under the Income-t....

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....result of the scrutiny directed to be made under the above referred circular. 3. With a view to tackle the problem effectively, Board desires that the following steps may be taken immediately:- (i) A list of recognised provident funds, approved superannuation funds and approved gratuity funds may be prepared immediately, and a copy forwarded to the Board by 15th August, 1973. (ii) All these cas....