Tag Archives: section 36(1)(iv)

Contibution to Pension Fund allowed even if it is not Recognised by Jurisdictional Commissioner

Facts of the Case:- Commissioner initiated revision proceedings by observing that assessee had not made application to Jurisdictional Commissioner/Chief Commissioner for recognition of Pension Fund Trust and, therefore, said payment made was to be disallowed . Held: Pension Fund Scheme was jointly floated by State Transport Corporations and said fund was recognised by Commissioner, Chennai… Read More »