https://www.taxtmi.com/caselaws?id=16579 The High Court of Rajasthan ruled that the incentive bonus received by a Development Officer from the Life Insurance Corporation of India is considered part of the salary, taxable as such, and only eligible for the standard deduction under the Income-tax Act, 1961. The court clarified that the Board's Circular No. 14/9/65-IT(A-1) does not apply to Development Officers. The decision favored the Revenue, denying the 50% deduction on the incentive bonus allowed by the Tribunal, emphasizing that the bonus is remuneration for services rendered and not a personal gift. en-us Wed, 01 May 1996 00:00:00 +0530 Tue, 08 Sep 2009 16:03:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16579 The High Court of Rajasthan ruled that the incentive bonus received by a Development Officer from the Life Insurance Corporation of India is considered part of the salary, taxable as such, and only eligible for the standard deduction under the Income-tax Act, 1961. The court clarified that the Board's Circular No. 14/9/65-IT(A-1) does not apply to Development Officers. The decision favored the Revenue, denying the 50% deduction on the incentive bonus allowed by the Tribunal, emphasizing that the bonus is remuneration for services rendered and not a personal gift. Case-Laws Income Tax Wed, 01 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16579