https://www.taxtmi.com/caselaws?id=215405 The tribunal allowed the appeal in part for statistical purposes, directing the matter to be sent back to the Assessing Officer to verify contributions exceeding Rs. 1 lakh per employee for the assessment year 2007-08. The tribunal emphasized that contributions below Rs. 1 lakh per employee were not liable for fringe benefit tax, aligning with amended provisions and previous decisions. The decision aimed to harmonize the treatment of superannuation fund contributions with deductions under sections 80C and 80CCD, highlighting the welfare aspect of the amendment. en-us Wed, 20 Jun 2012 00:00:00 +0530 Fri, 03 Aug 2012 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215405 The tribunal allowed the appeal in part for statistical purposes, directing the matter to be sent back to the Assessing Officer to verify contributions exceeding Rs. 1 lakh per employee for the assessment year 2007-08. The tribunal emphasized that contributions below Rs. 1 lakh per employee were not liable for fringe benefit tax, aligning with amended provisions and previous decisions. The decision aimed to harmonize the treatment of superannuation fund contributions with deductions under sections 80C and 80CCD, highlighting the welfare aspect of the amendment. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215405