https://www.taxtmi.com/caselaws?id=375187 The ITAT ruled in favor of the assessee, holding that the payment made under the Voluntary Retirement Scheme was not a contribution to the Superannuation Fund and thus not subject to Fringe Benefit Tax. The court emphasized the distinction between the VRS payment and contributions to an approved Superannuation Fund, as defined in the Income Tax Act. The Revenue's appeal was dismissed as the ITAT found the grounds raised were not valid. en-us Wed, 13 Feb 2019 00:00:00 +0530 Thu, 14 Feb 2019 19:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375187 The ITAT ruled in favor of the assessee, holding that the payment made under the Voluntary Retirement Scheme was not a contribution to the Superannuation Fund and thus not subject to Fringe Benefit Tax. The court emphasized the distinction between the VRS payment and contributions to an approved Superannuation Fund, as defined in the Income Tax Act. The Revenue's appeal was dismissed as the ITAT found the grounds raised were not valid. Case-Laws Income Tax Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375187