https://www.taxtmi.com/caselaws?id=5546 In an approved superannuation fund, an employee's annuity crystallises on retirement when the annuity is purchased, so later improvements to the scheme do not extend to existing pensioners because no remaining corpus exists for that purpose. The challenge to rule 11(1)(cc) of Part B of Schedule IV and rules 89 and 91 of the Income-tax Rules failed because the rule-making power was confined to protecting fund moneys and securing annuity payments, with parliamentary control providing an additional safeguard. The amendment including commission of a whole-time director within salary was also upheld as consistent with the statutory scheme and not discriminatory or illegal. en-us Mon, 04 Nov 1996 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5546 In an approved superannuation fund, an employee's annuity crystallises on retirement when the annuity is purchased, so later improvements to the scheme do not extend to existing pensioners because no remaining corpus exists for that purpose. The challenge to rule 11(1)(cc) of Part B of Schedule IV and rules 89 and 91 of the Income-tax Rules failed because the rule-making power was confined to protecting fund moneys and securing annuity payments, with parliamentary control providing an additional safeguard. The amendment including commission of a whole-time director within salary was also upheld as consistent with the statutory scheme and not discriminatory or illegal. Case-Laws Income Tax Mon, 04 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5546