Section 10(25) of Income Tax Act, 1961— In the instant case, revenue has filed these appeal aggrieved by the order, dismissing the revenue’s appeal against the assessee.

Held that— The provisions of Section 10(25)(iii) of the Act, under which the assessee claimed exemption in question, is clearly applicable to the approved superannuation fund and the assessee's Trust fund was duly approved by the competent authority in the present case. Therefore, we do not find any error in the order passed by the learned Tribunal.[THE COMMISSIONER OF INCOME-TAX, TAMIL NADU-III, MADRAS VERSUS UNITED INDIA INSURANCE COMPANY][2019] 17 ITCD Online (41) [MADRAS HIGH COURT]