1997 (5) TMI 444

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.... bonus earned by him and has also claimed depreciation on jeep. 2. This is the case of a development officer of LIC. In his return, the assessee claimed deduction of ₹ 18,566 and ₹ 34,664 as expenses and depreciation respectively out of the incentive bonus earned by him. Following the consistent stand of Jaipur Bench of the Tribunal, the AO disallowed the claim of the assessee. The CI....