https://www.taxtmi.com/caselaws?id=70834 The Tribunal ruled in favor of the assessee, determining that the incentive bonus received should be treated as income from services rendered in a different capacity, allowing for the deduction of 40% of the bonus as expenses incurred for earning it. The Tribunal held that the bonus is not solely part of the salary and emphasized the concept of real income over notional income for taxation purposes. The appeal was allowed, overturning the decision of the CIT (Appeals). en-us Fri, 26 Jul 1996 00:00:00 +0530 Tue, 19 Apr 2011 15:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70834 The Tribunal ruled in favor of the assessee, determining that the incentive bonus received should be treated as income from services rendered in a different capacity, allowing for the deduction of 40% of the bonus as expenses incurred for earning it. The Tribunal held that the bonus is not solely part of the salary and emphasized the concept of real income over notional income for taxation purposes. The appeal was allowed, overturning the decision of the CIT (Appeals). Case-Laws Income Tax Fri, 26 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70834