TAMILNADU STATE APEX CO-OPERATIVE BANK EMPLOYEES PROVIDENT FUND,CHENNAI vs. ITO, CHENNAI
In the result, the assessee’s appeal is allowed
ITA 915/CHNY/2017[2013-14]Status: DisposedITAT Chennai28 Aug 2017AY 2013-14
Bench: Shri Sanjay Arora
For Appellant: Shri B.Sagadevan, Jtd. CITFor Respondent: 16.08.2017
Section 10(1)Section 10(25)Section 143(3)Section 2(38)
Section 10(1) to 24 ….
10(25)(i)…..
(ii) any income received by the trustees on behalf of a recognized provident fund;’
The same is denied on the ground that it is not a recognized provident fund.
The moot question thus is if the assessee can be regarded as a recognized provident fund, which is defined
