Superannuation fund approval requiring rules to bar pensions for voluntary leavers before granting tax approval. Fresh approval of superannuation funds under the Income-tax Act, 1961 will not be granted until fund rules are amended to conform with Rule 3(b) of Part B of the Fourth Schedule; fund rules must not permit payment of pension to persons leaving service voluntarily, though approvals already granted under the earlier Act need not be withdrawn.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Superannuation fund approval requiring rules to bar pensions for voluntary leavers before granting tax approval.
Fresh approval of superannuation funds under the Income-tax Act, 1961 will not be granted until fund rules are amended to conform with Rule 3(b) of Part B of the Fourth Schedule; fund rules must not permit payment of pension to persons leaving service voluntarily, though approvals already granted under the earlier Act need not be withdrawn.
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