Dismissing the appeal of the assessee the Tribunal held that, nomenclature of fund was immaterial and benefit given to an employee by employer on superannuation had to be construed as Superannuation Fund. Contention of assessee that Pension Fund was different from Superannuation Fund, could not be upheld. (AY. 2003-04 to 2010-11 )
ACIT v. United India Insurance Co. Ltd. (2018) 67 ITR 191 /195 TTJ 65 (UO) (Chennai) (Trib.)
S. 115WB : Fringe benefits–Salary–Contribution to approved super annuation fund–Disallowance is held to be justified. [S. 15]