https://www.taxtmi.com/caselaws?id=11741 The High Court held that the conveyance allowance/additional conveyance allowance received by Development Officers of LIC is exempt under section 10(14) of the Income-tax Act, 1961. However, the Development Officers are not entitled to any deduction beyond the standard deduction under section 16 for the incentive bonus received, as the bonus is considered part of their salary. The appeals were allowed in part, with no order as to costs. en-us Mon, 05 May 2003 00:00:00 +0530 Sun, 07 Feb 2010 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11741 The High Court held that the conveyance allowance/additional conveyance allowance received by Development Officers of LIC is exempt under section 10(14) of the Income-tax Act, 1961. However, the Development Officers are not entitled to any deduction beyond the standard deduction under section 16 for the incentive bonus received, as the bonus is considered part of their salary. The appeals were allowed in part, with no order as to costs. Case-Laws Income Tax Mon, 05 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11741