Assessee, a recognised Provident Fund, claimed exemption on interest income under S. 10(23AAA), which was denied by the AO and CIT(A). Before the Tribunal, the assessee raised an additional ground claiming exemption under S. 10(25)(ii). The Tribunal accepted the contention and held that the income of a recognised provident fund is unconditionally exempt under S. 10(25)(ii) and such assessee is not required to file a return of income, as clarified by CBDT Circular No. 4/2002.