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2010 (2) TMI 876 - AT - Income TaxDeduction on account of Employer's contribution toward Social Security Scheme - appellant contended that amounts were contributed by the employer' under statutory provision and contribution did not give any vested right to the appellant, assessee may or may not get any benefit depending upon happening or non-happening of an event which is beyond the control of the appellant, It was only a contingent benefit to the assessee. The amount paid by the employer could not be treated as a perquisite in the hands of the appellant and liable to tax - Counsel submitted that tax effect in this case was merely Rs. 1,65,208 if interest charged u/s 234B is not taken into consideration. appeal filed by the revenue was not competent in the light of CBDT Instruction No.5/2008 dated 15.5.2008 - Held that:- interest for computing tax effect is not to be taken into account but how much interest has been charged is not available on record. Ld. Counsel for the assessee, tax effect involved in the present appeal is Rs. 2 lakh or less in this case. no substance in this appeal therefore rejected
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