https://www.taxtmi.com/caselaws?id=329022 An assessee's lump-sum contribution to an employees' pension fund was examined for fringe benefit taxation under section 115WB(1)(c). The contribution arose under a statutory pension arrangement for bank employees, linked to the earlier provident fund framework and treated as part of an approved superannuation structure. The decisive point was that the payment secured pension obligations under a defined benefit regime and was not an extra or voluntary employee benefit. On those facts, the contribution was held not to fall within the fringe benefit charge and was not liable to tax as such. en-us Wed, 15 Jun 2016 00:00:00 +0530 Tue, 21 Jun 2016 11:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329022 An assessee's lump-sum contribution to an employees' pension fund was examined for fringe benefit taxation under section 115WB(1)(c). The contribution arose under a statutory pension arrangement for bank employees, linked to the earlier provident fund framework and treated as part of an approved superannuation structure. The decisive point was that the payment secured pension obligations under a defined benefit regime and was not an extra or voluntary employee benefit. On those facts, the contribution was held not to fall within the fringe benefit charge and was not liable to tax as such. Case-Laws Income Tax Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329022