Case Law Analysis
|Income Tax Appellate Tribunal
Section 89 Income Tax Act | Relief Available on Arrears of Employer’s Superannuation Contribution Even When Classified as Perquisite : ITAT Agra
The ITAT Agra has ruled that arrears of employer contributions to a superannuation fund qualify for relief under Section 89 of the Income Tax Act, even if the employer treats them as perquisites under Section 17(2). This clarifies that the nature of payment as a perquisite does not disqualify it from relief meant to mitigate tax burden on lump-sum arrears, benefiting salaried employees receiving delayed employer-funded benefits.