https://www.taxtmi.com/caselaws?id=24280 The court rejected the writ petition challenging the disallowance of an incentive bonus as a business expenditure. The Commissioner (Appeals) upheld the disallowance due to doubts regarding the genuineness of payments based on thumb impressions. The court emphasized the need to exhaust alternative remedies before seeking relief under Article 226 of the Constitution and dismissed the petition, directing the petitioner to appeal to the Tribunal. The court held that the Commissioner (Appeals) had jurisdiction to set aside the assessment for further investigation, citing the inapplicability of res judicata in income tax assessments. en-us Wed, 20 May 1987 00:00:00 +0530 Tue, 19 Jan 2010 10:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24280 The court rejected the writ petition challenging the disallowance of an incentive bonus as a business expenditure. The Commissioner (Appeals) upheld the disallowance due to doubts regarding the genuineness of payments based on thumb impressions. The court emphasized the need to exhaust alternative remedies before seeking relief under Article 226 of the Constitution and dismissed the petition, directing the petitioner to appeal to the Tribunal. The court held that the Commissioner (Appeals) had jurisdiction to set aside the assessment for further investigation, citing the inapplicability of res judicata in income tax assessments. Case-Laws Income Tax Wed, 20 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24280