TaxTMI 
TaxTMI 
2013 (4) TMI 862
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...., JUDICIAL MEMBER This is an appeal filed by the department for Assessment Year 2007-08 against the order dated 15.03.2010 passed by the CIT (A)-II, Dehradun, contending that the Ld. CIT (A) has erred in directing the Assessing Officer to allow the claim of deduction of contribution made by the assessee towards Provident Fund of its employees, which was not recognized within the meaning of Secti....
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....wards an unrecognized Provident Fund. 4. The ld. counsel for the assessee, on the other hand, has placed strong reliance on the impugned order, contending that the Ld. CIT (A) has rightly allowed the claim of the assessee, since the Assessing Officer had utterly failed to appreciate that though the Provident Fund of the assessee was pending grant of registration, the said Trust having been establ....
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....nized by the Chief Commissioner or Commissioner in accordance with rules contained in Part A of the Fourth Schedule or the Provident Fund should be established under a scheme framed under the employees provident fund act, 1952. Since the employees' provident fund of the appellant is establish as such, it is entitled to deduction on contribution made towards employees provident fund irrespective of....
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....rules contained in Part A of the Fourth Schedule, and includes a provident fund established under a scheme framed under the Employees' Provident Fund Act, 1952 (19 of 1952)" 8. Thus, the Section is very clear in that it defines a "recognized provident fund" to include a Provident Fund established under a Scheme framed under the Employees' Provident Fund Act, 1952. Now, obviously, the Assessing Of....