https://www.taxtmi.com/caselaws?id=66580 The Tribunal ruled that the additional conveyance allowance paid by the Life Insurance Corporation (LIC) to Development Officers should be excluded from total income under section 10(14). It was determined that the allowance was specifically meant to cover conveyance expenses incurred in the performance of duties. Regarding the incentive bonus, a 40% deduction was allowed from the bonus where accounts were not maintained, following previous Tribunal decisions. The Tribunal set aside the Commissioner's orders under section 263, restoring the assessments by the Income Tax Officer (ITO) and allowing the appeals. en-us Thu, 23 Mar 1989 00:00:00 +0530 Tue, 01 Mar 2011 12:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66580 The Tribunal ruled that the additional conveyance allowance paid by the Life Insurance Corporation (LIC) to Development Officers should be excluded from total income under section 10(14). It was determined that the allowance was specifically meant to cover conveyance expenses incurred in the performance of duties. Regarding the incentive bonus, a 40% deduction was allowed from the bonus where accounts were not maintained, following previous Tribunal decisions. The Tribunal set aside the Commissioner's orders under section 263, restoring the assessments by the Income Tax Officer (ITO) and allowing the appeals. Case-Laws Income Tax Thu, 23 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66580