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2018 (11) TMI 470 - AT - Income TaxSpecial allowance or benefit, not being in the nature of a perquisite - Exemption u/s 10(14) - expenditure incurred out of incentive bonus - claim rejected by the AO on the ground that it was not allowable under section 10(14) of the Act, since the assessee has assessed under the head “salary” - Held that:- It cannot be disputed that as a Development Officer of LIC, main task is to develop business for the LIC. For that, the DO has to undertake various functions. No details or supporting evidence has been furnished by the assessee before us to support its claim. Atleast the assessee should have filed a certificate from the LIC for determining expenses possibly to be incurred by him for the purpose of procuring LIC business and earning incentive bonus. No such certificate has been submitted and any details to support its case. Therefore, we remit this issue back to the file of the ld.AO to decide the claim of the assessee in view of the CBDT circular dated 19.12.1996 and decision of the Tribunal in the case of Shri Nitin T. Bhuptani [2018 (4) TMI 1610 - ITAT RAJKOT]. - Decided in favour of assessee for statistical purpose.
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