Contribution to unrecognized Provident fund not eligible for deduction U/s. 80C

Admittedly, the contributions of the assessees to the Provident Fund are not a recognized Fund, the same are not eligible for deduction u/s. 80C (2) (vi) of the I.T. Act.  Brief Facts For the assessment years 2007-08 and 2008-09, the Assessing Officer noticed that the assessees while making TDS on salaries u/s. 192 of the Act, there were short deductions of tax. The reason for short deductions of tax was that while computing taxable salary, the assessees were deducting u/s. 80C of the Act, contributions to unrecognized Provident Fund. According to the Assessing Officer, the contributions to u...