Bombay High Court Upholds Deduction for Initial Contribution to Superannuation Fund Under Section 37 of Income Tax Act, 1961 — Rules 87 and 88 Held Not to Override Section 36(1)(iv). The court allowed deduction under Section 37 for the entire initial contribution to the superannuation fund in respect of past service liability of employees admitted for the first time.
30 Sep 2005The case is an income tax reference under Section 256 of the Income Tax Act, 1961, arising from the Income Tax Appellate Tribunal's order. The Commiss...
