https://www.taxtmi.com/caselaws?id=249768 The Tribunal held that lump sum contributions to a pension fund under a defined benefit scheme do not fall under the provisions of section 115WB(1)(c) for Fringe Benefit Tax (FBT) purposes. The contributions, not credited to individual employee accounts, were deemed not meeting the definition of "contribution." Consequently, the assessee's appeal was allowed, and the Revenue's appeal was dismissed. The Tribunal found the issue of retrospective application of the amendment moot due to the primary ruling in favor of the assessee. The decision clarified that such contributions do not attract FBT under section 115WB(1)(c). en-us Wed, 16 Jul 2014 00:00:00 +0530 Wed, 23 Jul 2014 08:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249768 The Tribunal held that lump sum contributions to a pension fund under a defined benefit scheme do not fall under the provisions of section 115WB(1)(c) for Fringe Benefit Tax (FBT) purposes. The contributions, not credited to individual employee accounts, were deemed not meeting the definition of "contribution." Consequently, the assessee's appeal was allowed, and the Revenue's appeal was dismissed. The Tribunal found the issue of retrospective application of the amendment moot due to the primary ruling in favor of the assessee. The decision clarified that such contributions do not attract FBT under section 115WB(1)(c). Case-Laws Income Tax Wed, 16 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249768