1985 (8) TMI 149 - AT - Income Tax

Summary

The appeal by the Revenue questioned the deduction of Rs. 11,600 against an incentive bonus of Rs. 29,000. The ITAT Madras-D upheld the deduction, citing a similar case from the Chandigarh Bench and finding the expenditure claimed by the assessee reasonable. The appeal was dismissed. (Case: 1985 (8) TMI 149 - ITAT MADRAS-D)