Applicability of Part B 4th Schedule to superannuation fund with restrictive clause.

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.... for providing pension benefits to the employees under a trust deed having a restrictive clause by way of granting the employer a right to discontinue the scheme could be accorded approval under Part B of the 4th schedule to the I.T. Act, 1961. 2. The board had earlier on 27-10-69 taken a view that such reservation of power on the part of the employer to discontinue the fund offends clauses a a....