related to the disallowance of provision towards
the Post retirement benefit Scheme. This issue is involved in ITA
No.13/Vizag/2013 for the assessment ... directly claim insurance benefit,
settlement benefits include rail fare, air fare transportation charges, and
packing charges etc.. and the Fare well benefit scheme
applicants one year prior to their retirement is liable to be reckoned
for pension and other retirement benefits without any restriction what so ever ... drawn by the
applicants one year prior to their retirement for pension and other retirement
benefits without the restriction that the benefit of increment beyond
deleting the addition made
in respect of provision for Director‟s Retirement Benefit at
Rs.1,88,97,500/-.
13.1. During the relevant previous year ... Assessee made 'Provision for
Director's Retirement Benefit' to the tune of INR 1,88,97,500/- on
the basis of actuarial
that he requested respondent no.2 to release pension and other retirement benefits by taking into account the period of service rendered ... only on his submitting proper resignation, his case for pension and retirement benefits will be processed. By his letter dated 01.10.2001 (Annexure
employment or at the time of retirement or during the post retirement
period. The retirement benefits were payable by the assessee to Its employees only ... benefits assured under the same contract of employment. The only
difference was that such benefits were receivable by the employees in future upon retirement. However
hereinafter referred to as the VSNL), the assessees were entitled to retirement benefits from OCS, which was retained by the employer for seven years from ... this retained amount being the retirement benefit, the ass'essees received interest, which according to the assessing officer was did not disclose in their
accounting for
all employee benefits, except employee share-based
payment. Clause-4 defines employee benefits include:
(a) Short-term employee benefits, such as wages,
salaries ... Revised AS-15 defines that post-
employment benefits are employee benefits (other than
termination benefits) which are payable after the
completion of employment. Clause
interest for the
withheld retirement gratuity and commutation of pension amount
and on delayed payment of other retirement benefits?
RULE OF LAW
12. Before dealing ... date of retirement. Applicant is held entitled for interest at the
rate of 8% per annum on the unpaid retirement benefits as
computed supra from
settlement dues
on 01.04.2022, date of retirement. The respondents have released
some of the retirement benefits and other dues belatedly and
without any justifiable reason ... withheld retirement gratuity, Bonus, DA and arrears of 7th CP
amount and on delayed payment of other retirement benefits?
RULE OF LAW
14. Before dealing
direction to
the respondent (MCD) to grant applicant all his remaining retirement benefits i.e.
pension commutation & gratuity and other arrears with interest ... withheld retirement gratuity, commutation of pension and
7th CPC arrears amount and on delayed payment of other
retirement benefits?
5
O.A. No. 2640/2024
