https://www.taxtmi.com/caselaws?id=9925 The High Court of Allahabad ruled in favor of the Revenue, rejecting the assessee's claim for deduction of expenses against income from an incentive bonus assessable as salary under the Income-tax Act, 1961. The court held that the expenditure incurred by the assessee to earn the incentive bonus should not be included in assessable income under the head "Salary," following precedent that incentive bonuses are part of salary and additional expenses are not assessable. This decision establishes clarity on the treatment of incentive bonuses in relation to salary income and ensures consistency in tax law application. en-us Fri, 01 Apr 2005 00:00:00 +0530 Fri, 03 Jul 2009 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9925 The High Court of Allahabad ruled in favor of the Revenue, rejecting the assessee's claim for deduction of expenses against income from an incentive bonus assessable as salary under the Income-tax Act, 1961. The court held that the expenditure incurred by the assessee to earn the incentive bonus should not be included in assessable income under the head "Salary," following precedent that incentive bonuses are part of salary and additional expenses are not assessable. This decision establishes clarity on the treatment of incentive bonuses in relation to salary income and ensures consistency in tax law application. Case-Laws Income Tax Fri, 01 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9925