https://www.taxtmi.com/caselaws?id=17557 Incentive bonus paid to a Life Insurance Corporation Development Officer was treated as salary income because it arose from the employer-employee relationship and constituted remuneration for services rendered in employment. As salary income, it attracted only the deductions expressly permitted under the salary head, and no further expense deduction was available. A Board circular allowing an estimated expense deduction for insurance agents was confined to non-employee agents and could not be extended to Development Officers merely because some duties were similar. The Revenue's position was therefore upheld, and the 50% deduction allowed by the Tribunal was disallowed. en-us Wed, 01 May 1996 00:00:00 +0530 Wed, 23 Sep 2009 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17557 Incentive bonus paid to a Life Insurance Corporation Development Officer was treated as salary income because it arose from the employer-employee relationship and constituted remuneration for services rendered in employment. As salary income, it attracted only the deductions expressly permitted under the salary head, and no further expense deduction was available. A Board circular allowing an estimated expense deduction for insurance agents was confined to non-employee agents and could not be extended to Development Officers merely because some duties were similar. The Revenue's position was therefore upheld, and the 50% deduction allowed by the Tribunal was disallowed. Case-Laws Income Tax Wed, 01 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17557