https://www.taxtmi.com/caselaws?id=49362 Employer contributions paid to trustees under a deferred annuity superannuation scheme were not taxable as a perquisite or as salary under section 7(1) of the Indian Income-tax Act, 1922, because the employee had no present vested right in the contribution before superannuation or another triggering contingency. The provision applies only where the employee has an enforceable present entitlement, and Explanation 1(v) covers sums paid by the employer to secure an assurance or annuity on the employee's life only in that sense. A merely contingent future benefit does not amount to an amount allowed to or due to the employee. 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 Employer contributions paid to trustees under a deferred annuity superannuation scheme were not taxable as a perquisite or as salary under section 7(1) of the Indian Income-tax Act, 1922, because the employee had no present vested right in the contribution before superannuation or another triggering contingency. The provision applies only where the employee has an enforceable present entitlement, and Explanation 1(v) covers sums paid by the employer to secure an assurance or annuity on the employee's life only in that sense. A merely contingent future benefit does not amount to an amount allowed to or due to the employee. Case-Laws Income Tax Wed, 01 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49362