https://www.taxtmi.com/caselaws?id=17412 The High Court directed the Income-tax Appellate Tribunal to refer the question of law to the court for opinion, emphasizing that the total tax effect over six years for the assessee exceeded the prescribed limit, thereby allowing the reference despite the lower tax effect in the specific year under consideration. The question referred for opinion was whether the deduction on account of expenses at the rate of 40% should be allowed from the incentive bonus received by the assessee as a Development Officer of the Life Insurance Corporation of India. en-us Mon, 29 Jul 1996 00:00:00 +0530 Tue, 22 Sep 2009 12:32:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17412 The High Court directed the Income-tax Appellate Tribunal to refer the question of law to the court for opinion, emphasizing that the total tax effect over six years for the assessee exceeded the prescribed limit, thereby allowing the reference despite the lower tax effect in the specific year under consideration. The question referred for opinion was whether the deduction on account of expenses at the rate of 40% should be allowed from the incentive bonus received by the assessee as a Development Officer of the Life Insurance Corporation of India. Case-Laws Income Tax Mon, 29 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17412