https://www.taxtmi.com/caselaws?id=36950 The High Court upheld the Tribunal's decision, affirming the exclusion of the accumulated balance from total income under rule 8 of Part A of Sch. IV to the I.T. Act, 1961. The Court found the assessee's resignation beyond his control, granting provident fund benefits. The judgment ruled in favor of the assessee, rejecting revenue's arguments on resignation timing and employer's motives. The Court directed computation of provident fund balance based on service in India, emphasizing the applicability of rule 8(ii) and granting necessary benefits. The decision was unanimous, with judges Sankar Prasad Mitra C.J. and S. C. Deb J. concurring without costs. en-us Thu, 13 Dec 1979 00:00:00 +0530 Thu, 25 Mar 2010 15:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36950 The High Court upheld the Tribunal's decision, affirming the exclusion of the accumulated balance from total income under rule 8 of Part A of Sch. IV to the I.T. Act, 1961. The Court found the assessee's resignation beyond his control, granting provident fund benefits. The judgment ruled in favor of the assessee, rejecting revenue's arguments on resignation timing and employer's motives. The Court directed computation of provident fund balance based on service in India, emphasizing the applicability of rule 8(ii) and granting necessary benefits. The decision was unanimous, with judges Sankar Prasad Mitra C.J. and S. C. Deb J. concurring without costs. Case-Laws Income Tax Thu, 13 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36950