https://www.taxtmi.com/caselaws?id=15843 Deduction for expenditure incurred in earning incentive bonus was not finally determined because the Tribunal had relied on a prior decision later set aside in CIT v. Varghese Mathew. The High Court therefore returned the reference unanswered and remitted the appeals to the Tribunal for fresh adjudication without applying the discredited precedent. The Tribunal must now reconsider entitlement to deduction and, if justified on the material, any permissible estimated deduction up to 40% of the incentive bonus. en-us Wed, 11 Nov 1998 00:00:00 +0530 Sat, 29 Aug 2009 14:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15843 Deduction for expenditure incurred in earning incentive bonus was not finally determined because the Tribunal had relied on a prior decision later set aside in CIT v. Varghese Mathew. The High Court therefore returned the reference unanswered and remitted the appeals to the Tribunal for fresh adjudication without applying the discredited precedent. The Tribunal must now reconsider entitlement to deduction and, if justified on the material, any permissible estimated deduction up to 40% of the incentive bonus. Case-Laws Income Tax Wed, 11 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15843