https://www.taxtmi.com/caselaws?id=63377 Payments received on resignation from an approved superannuation fund are excluded from salary only if they satisfy rule 3(b) of Part B of the Fourth Schedule. Where the receipt does not meet those conditions, it loses the character of an approved superannuation fund payment and section 17(3)(ii) exclusion does not apply. The receipt is also outside section 10(13), and the special exemption in section 10(13)(iv) is confined to refund of contributions made before commencement of the Act. On that basis, the amount falls within the inclusive definition of income and is taxable under the Income-tax Act, 1961. en-us Wed, 29 Aug 1984 00:00:00 +0530 Sat, 29 Jan 2011 16:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63377 Payments received on resignation from an approved superannuation fund are excluded from salary only if they satisfy rule 3(b) of Part B of the Fourth Schedule. Where the receipt does not meet those conditions, it loses the character of an approved superannuation fund payment and section 17(3)(ii) exclusion does not apply. The receipt is also outside section 10(13), and the special exemption in section 10(13)(iv) is confined to refund of contributions made before commencement of the Act. On that basis, the amount falls within the inclusive definition of income and is taxable under the Income-tax Act, 1961. Case-Laws Income Tax Wed, 29 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63377