Monday 26 October 2015

No disallowance of contribution to PF just because PF wasn't recognized by Jurisdictional CIT

IT : Contribution made by assessee in pension fund could not be disallowed on ground that same was not recognised by Jurisdictional Commissioner, as under section 36(1)(iv) it is nowhere mentioned that pension fund should be recognised only by Jurisdictional Commissioner and that approval of Jurisdictional Commissioner is mandatory

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