https://www.taxtmi.com/caselaws?id=65667 40% of the incentive bonus received by a Life Insurance Corporation Development Officer was held allowable as deduction. The Tribunal noted that the deduction had already been accepted in earlier Tribunal decisions and was supported by the Gauhati High Court, and it followed that settled view. The relief granted by the first appellate authority was therefore upheld, and the revenue's challenge failed. en-us Wed, 06 Jun 2001 00:00:00 +0530 Fri, 18 Feb 2011 12:32:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65667 40% of the incentive bonus received by a Life Insurance Corporation Development Officer was held allowable as deduction. The Tribunal noted that the deduction had already been accepted in earlier Tribunal decisions and was supported by the Gauhati High Court, and it followed that settled view. The relief granted by the first appellate authority was therefore upheld, and the revenue's challenge failed. Case-Laws Income Tax Wed, 06 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65667