https://www.taxtmi.com/caselaws?id=62536 The appeal was dismissed by the ITAT, upholding the CIT's order under section 263 for the assessment year 1986-87. The CIT found the ITO's assessment erroneous and directed a reevaluation of the exemption under section 10(14) for additional conveyance allowance. The ITAT determined that the Incentive Bonus received by the assessee was part of his salary, not business income, and not eligible for further deduction under section 15. The ITAT emphasized the need for evidence to support any additional expenditure claims related to earning the Incentive Bonus. en-us Fri, 14 Dec 1990 00:00:00 +0530 Thu, 20 Jan 2011 13:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62536 The appeal was dismissed by the ITAT, upholding the CIT's order under section 263 for the assessment year 1986-87. The CIT found the ITO's assessment erroneous and directed a reevaluation of the exemption under section 10(14) for additional conveyance allowance. The ITAT determined that the Incentive Bonus received by the assessee was part of his salary, not business income, and not eligible for further deduction under section 15. The ITAT emphasized the need for evidence to support any additional expenditure claims related to earning the Incentive Bonus. Case-Laws Income Tax Fri, 14 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62536