https://www.taxtmi.com/caselaws?id=55132 40% of the incentive bonus received by a Life Insurance Corporation field officer was disputed as salary or commission in lieu of salary under section 17 of the Income-tax Act, 1961, with the Revenue seeking withdrawal of the deduction earlier allowed. The Tribunal followed earlier coordinate Bench decisions cited by the assessee on similar incentive bonus receipts and held that the 40% deduction could not be disallowed. The assessing authority's withdrawal of the deduction was therefore not sustained, and the assessee's appeals were allowed. en-us Mon, 29 Jan 1990 00:00:00 +0530 Tue, 23 Nov 2010 17:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55132 40% of the incentive bonus received by a Life Insurance Corporation field officer was disputed as salary or commission in lieu of salary under section 17 of the Income-tax Act, 1961, with the Revenue seeking withdrawal of the deduction earlier allowed. The Tribunal followed earlier coordinate Bench decisions cited by the assessee on similar incentive bonus receipts and held that the 40% deduction could not be disallowed. The assessing authority's withdrawal of the deduction was therefore not sustained, and the assessee's appeals were allowed. Case-Laws Income Tax Mon, 29 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55132