2005 (2) TMI 37

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..... J.- At the instance of the Revenue, the Income-tax Appellate Tribunal, Chandigarh Bench, Chandigarh (for short "the Tribunal"), has referred the following question of law arising out of its order dated October 28, 1992, relating to the assessment year 1989-90 for the opinion of this court: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in allowing deduc .....

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..... is court in B.M. Parmar, Development Officer, Life Insurance Corporation of India v. CIT [1999] 235 ITR 679, wherein it has been held that the incentive bonus received by a Development Officer is assessable under the head "Salary" and deduction against the same is only allowable under section 16(i) of the Income-tax Act, 1961, and no separate deduction on account of expenditure is permissible. In .....

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