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1999 (3) TMI 8 - SUPREME COURT
ITO allowed the deduction only to the extent of 80 per cent of the aggregate contribution and spread it out over a period of five years. For so doing, he relied upon a notification dated October 21, 1965 issued by CBDT - Whether Tribunal was justified in confirming the order of CIT (A) that the entire initial contribution made to the superannuation fund is allowable deduction - Held, yes - revenue appeal is dismissed