https://www.taxtmi.com/caselaws?id=70628 Incentive bonus earned by a Life Insurance Corporation Development Officer was treated as arising from canvassing and procuring business, which was distinct from ordinary salaried employment. To that extent, the officer was regarded as acting in an agent-like capacity and the bonus was characterised as income from profession rather than pure salary income. The expenditure claimed for earning the bonus was found not unreasonable and was therefore allowable as a deduction against that incentive bonus. The Revenue's objection based on Section 17 of the Income-tax Act, 1961, accordingly failed. en-us Fri, 09 Aug 1985 00:00:00 +0530 Mon, 18 Apr 2011 11:53:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70628 Incentive bonus earned by a Life Insurance Corporation Development Officer was treated as arising from canvassing and procuring business, which was distinct from ordinary salaried employment. To that extent, the officer was regarded as acting in an agent-like capacity and the bonus was characterised as income from profession rather than pure salary income. The expenditure claimed for earning the bonus was found not unreasonable and was therefore allowable as a deduction against that incentive bonus. The Revenue's objection based on Section 17 of the Income-tax Act, 1961, accordingly failed. Case-Laws Income Tax Fri, 09 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70628