https://www.taxtmi.com/caselaws?id=16601 The court held that the incentive bonus received by the Development Officer of LIC is taxable under the head "Salary" as it is akin to commission for achieving business targets. The court ruled that the bonus falls under the definition of "salary" as per the Income Tax Act. Additionally, the court determined that no separate deduction for expenses incurred in earning the incentive bonus is permissible beyond standard deductions specified in the Act. Ultimately, the decision favored the Revenue over the assessee. en-us Tue, 27 Oct 1998 00:00:00 +0530 Tue, 08 Sep 2009 17:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16601 The court held that the incentive bonus received by the Development Officer of LIC is taxable under the head "Salary" as it is akin to commission for achieving business targets. The court ruled that the bonus falls under the definition of "salary" as per the Income Tax Act. Additionally, the court determined that no separate deduction for expenses incurred in earning the incentive bonus is permissible beyond standard deductions specified in the Act. Ultimately, the decision favored the Revenue over the assessee. Case-Laws Income Tax Tue, 27 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16601