https://www.taxtmi.com/caselaws?id=281266 The Board's communication stated that the portion of incentive bonus certified as actually incurred in the performance of duties would be exempt under section 10(14)(i) of the Income-tax Act, 1961, and this had to be read with the LIC scheme on record. Because the scheme was not available when the first appeal was decided, the assessee's related claim, including the consequential depreciation aspect, could not be finally determined on the existing material. The matter was therefore remanded to the Assessing Officer for reconsideration in accordance with the Board's direction and the LIC scheme. en-us Fri, 16 May 1997 00:00:00 +0530 Tue, 11 Jun 2019 12:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281266 The Board's communication stated that the portion of incentive bonus certified as actually incurred in the performance of duties would be exempt under section 10(14)(i) of the Income-tax Act, 1961, and this had to be read with the LIC scheme on record. Because the scheme was not available when the first appeal was decided, the assessee's related claim, including the consequential depreciation aspect, could not be finally determined on the existing material. The matter was therefore remanded to the Assessing Officer for reconsideration in accordance with the Board's direction and the LIC scheme. Case-Laws Income Tax Fri, 16 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281266