https://www.taxtmi.com/caselaws?id=776916 ITAT-Ahmedabad held that employer's contribution to LIC for an annuity policy cannot be taxed as a perquisite under s.17(2)(v) for AY 2018-19 where the assessee already offered annuity receipts to tax on accrual/receipt basis. Taxing the contribution would cause impermissible double taxation; Form 16/26AS cannot override statutory provisions. As the employee had no vested or enforceable right and the payment was not on his behalf or credited to him in that year, the AO's addition was unsustainable and the appeal was allowed for the assessee. en-us Fri, 08 Aug 2025 00:00:00 +0530 Mon, 23 Feb 2026 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776916 ITAT-Ahmedabad held that employer's contribution to LIC for an annuity policy cannot be taxed as a perquisite under s.17(2)(v) for AY 2018-19 where the assessee already offered annuity receipts to tax on accrual/receipt basis. Taxing the contribution would cause impermissible double taxation; Form 16/26AS cannot override statutory provisions. As the employee had no vested or enforceable right and the payment was not on his behalf or credited to him in that year, the AO's addition was unsustainable and the appeal was allowed for the assessee. Case-Laws Income Tax Fri, 08 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776916