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2022 (10) TMI 281 - AT - Income TaxDisallowing being 30% of Income of Incentive Bonus Commission - AO observed from the Salary Certificate (Form 16) issued by the employer, that entire sum has been treated as the Salary of the assessee, including the sum being claimed by the assessee as incentive Bonus - HELD THAT:- Issue squarely covered in favour of assessee by the judgment of Hon'ble Allahabad High Court in the case of Sr. Branch Manager, of LIC vs CIT [2012 (5) TMI 117 - ALLAHABAD HIGH COURT] held conveyance allowance and additional conveyance allowance received by the Development Officers of the Corporation was permissible deduction under Section 10(14) as they were paid to Development Officer against the expenses actually incurred on duty as per the rules and circulars of the Life Insurance Corporation - both the AO and Appellate Authority as well as the Tribunal have proceeded on the premise that the officers of the Corporation cannot suo motu allow any deduction towards conveyance allowance or additional conveyance allowance and was in the domain of the Assessing Officer, the very premise on which the authorities have proceeded is unfounded as it is the employer who makes the payment to its employee as per the rules or the procedure regulated by it - Decided in favour of the assessee. Disallowance of expenses incurred for Running & Maintaining Premium Collection Centre - HELD THAT:- LIC Business is unique business and where the assessee incurs expenses on maintenance of collection centre and these expenses are not income of the assessee. As per the nature of business, the assessee has to incur expenses on collection centers - As relying on Nitibhai Bhuptani [2018 (4) TMI 1610 - ITAT RAJKOT] issue decided in favour of assessee.
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