1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>ITAT decision: Incentive bonus part of salary income, 40% deduction allowed</h1> The appeals by the Revenue were dismissed by ITAT MADRAS-C. The AAC allowed a 40% deduction from the incentive bonus received by the assessee, treating it ... - The appeals by the Revenue were dismissed by the Appellate Tribunal ITAT MADRAS-C. The AAC allowed a deduction of 40% from the incentive bonus received by the assessee. The incentive bonus was considered as part of the salary income, but a deduction for expenses was allowed. The decision was based on the treatment of incentive bonuses for other Development Officers. The Andhra Pradesh High Court decision cited by the Revenue was found to be unrelated to the specific issue in this case. The order of the AAC was upheld, directing 60% of the incentive bonus to be treated as salary income.
TaxTMI 
TaxTMI 
