https://www.taxtmi.com/caselaws?id=70865 The Tribunal held that the incentive bonus received by the assessee was not part of the salary but income from the profession, allowing for the deduction of related expenses. The conveyance allowance was exempt under Section 10(14) based on the certificate from LIC. The case was remitted back to the ITO to verify and regulate the deductions for expenses and depreciation, following the Board's Circular guidelines. The appeal was allowed in part. en-us Fri, 30 Nov 1984 00:00:00 +0530 Tue, 19 Apr 2011 17:22:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70865 The Tribunal held that the incentive bonus received by the assessee was not part of the salary but income from the profession, allowing for the deduction of related expenses. The conveyance allowance was exempt under Section 10(14) based on the certificate from LIC. The case was remitted back to the ITO to verify and regulate the deductions for expenses and depreciation, following the Board's Circular guidelines. The appeal was allowed in part. Case-Laws Income Tax Fri, 30 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70865