https://www.taxtmi.com/caselaws?id=49362 The court held that employer contributions to a deferred annuity were not considered a "perquisite" under section 7(1) of the Indian Income-tax Act, 1922. The contributions did not vest in the employee until reaching superannuation age, making them contingent and not taxable as perquisite in the accounting year. The High Court affirmed the Income-tax Appellate Tribunal's decision, dismissing the appeal. en-us Wed, 01 Apr 1964 00:00:00 +0530 Wed, 22 Jun 2022 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49362 The court held that employer contributions to a deferred annuity were not considered a "perquisite" under section 7(1) of the Indian Income-tax Act, 1922. The contributions did not vest in the employee until reaching superannuation age, making them contingent and not taxable as perquisite in the accounting year. The High Court affirmed the Income-tax Appellate Tribunal's decision, dismissing the appeal. Case-Laws Income Tax Wed, 01 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49362