https://www.taxtmi.com/caselaws?id=11680 The High Court of Madhya Pradesh upheld the decision to disallow a deduction on the incentive bonus received by the assessee, a Development Officer in the Life Insurance Corporation of India. The Court found the issue to be debatable due to conflicting views among High Courts on the allowance of such deductions. Considering the controversial nature of the deduction and the history of allowing it in previous years, the Court concluded that the Assessing Officer's adjustment under section 143(1)(a) was justified. The appeal by the Revenue was dismissed, and no costs were awarded. en-us Mon, 28 Apr 2003 00:00:00 +0530 Fri, 05 Feb 2010 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11680 The High Court of Madhya Pradesh upheld the decision to disallow a deduction on the incentive bonus received by the assessee, a Development Officer in the Life Insurance Corporation of India. The Court found the issue to be debatable due to conflicting views among High Courts on the allowance of such deductions. Considering the controversial nature of the deduction and the history of allowing it in previous years, the Court concluded that the Assessing Officer's adjustment under section 143(1)(a) was justified. The appeal by the Revenue was dismissed, and no costs were awarded. Case-Laws Income Tax Mon, 28 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11680