https://www.taxtmi.com/caselaws?id=235966 The Supreme Court held that the incentive bonus paid to Development Officers by LIC before 01.04.1989 is considered part of the salary and not eligible for additional deductions beyond what is allowed under the Income Tax Act, 1961. The Court rejected the argument that the bonus was incurred for business canvassing expenses, emphasizing that the bonus forms part of the salary unless specifically reimbursed for expenses incurred. Therefore, the appellant's appeal was dismissed, confirming the tax liability on the incentive bonus received. en-us Thu, 01 Aug 2013 00:00:00 +0530 Sat, 26 Oct 2013 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235966 The Supreme Court held that the incentive bonus paid to Development Officers by LIC before 01.04.1989 is considered part of the salary and not eligible for additional deductions beyond what is allowed under the Income Tax Act, 1961. The Court rejected the argument that the bonus was incurred for business canvassing expenses, emphasizing that the bonus forms part of the salary unless specifically reimbursed for expenses incurred. Therefore, the appellant's appeal was dismissed, confirming the tax liability on the incentive bonus received. Case-Laws Income Tax Thu, 01 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235966