https://www.taxtmi.com/caselaws?id=66098 The Tribunal dismissed the appeals filed by the assessees and allowed the appeals of the Revenue, holding that incentive bonuses received by LIC Development Officers are part of salary, and only standard deductions under section 16 are permissible. The Tribunal emphasized the binding nature of the Andhra Pradesh High Court's rulings and the absence of any government notification under section 10(14) allowing deductions for incentive bonuses. en-us Tue, 26 Dec 1995 00:00:00 +0530 Mon, 21 Feb 2011 14:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66098 The Tribunal dismissed the appeals filed by the assessees and allowed the appeals of the Revenue, holding that incentive bonuses received by LIC Development Officers are part of salary, and only standard deductions under section 16 are permissible. The Tribunal emphasized the binding nature of the Andhra Pradesh High Court's rulings and the absence of any government notification under section 10(14) allowing deductions for incentive bonuses. Case-Laws Income Tax Tue, 26 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66098