https://www.taxtmi.com/caselaws?id=211532 The Tribunal upheld the Revenue's position that the entire contribution to the Employees' Superannuation Fund should be subject to Fringe Benefit Tax for the assessment year. It clarified that fringe benefits encompass both actual payments and incurred liabilities, rejecting the argument that only actual contributions should be taxed. The Tribunal emphasized that the provision of a benefit occurs when the employer incurs a liability, not necessarily when the payment is made. The assessee's appeal was dismissed, with instructions to adjust any potential double taxation in subsequent assessments. en-us Fri, 09 Dec 2011 00:00:00 +0530 Thu, 23 Feb 2012 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211532 The Tribunal upheld the Revenue's position that the entire contribution to the Employees' Superannuation Fund should be subject to Fringe Benefit Tax for the assessment year. It clarified that fringe benefits encompass both actual payments and incurred liabilities, rejecting the argument that only actual contributions should be taxed. The Tribunal emphasized that the provision of a benefit occurs when the employer incurs a liability, not necessarily when the payment is made. The assessee's appeal was dismissed, with instructions to adjust any potential double taxation in subsequent assessments. Case-Laws Income Tax Fri, 09 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211532