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2008 (7) TMI 386 - HC - Income TaxAppeal to Supreme Court – Certificate of Fitness - whether incentive bonus earned by the assessee as Development Officer of LIC was part of salary within the ambit of section 17 of the Act and no deduction on account of expenses were permissible – held that - we are of the view that even if it is assumed that substantial question of law may arise, looking to the facts of this particular case and considering that low tax effect involved and further considering the Board’s “instructions” for the purpose of filing appeal or application, we do not think it just and proper to grant certificate of fitness in the present case. Section 268A of the Act does not render any assistance to the Revenue in the present case. Accordingly, the application for leave to appeal filed by the Revenue deserves to be rejected. It is accordingly rejected.
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