1998 (12) TMI 71

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..... arose out of its order dated August 18, 1992, for the assessment year 1989-90 for the opinion of this court : "1. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is right in law in allowing deduction at 40 per cent. of incentive bonus, when the assessee had not actually incurred expenses to the extent of 40 per cent. wholly, necessarily, exclusively .....

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..... assessee. So far as question No. 2 is concerned, the Tribunal has not given any independent finding on this question, but has decided the same by adopting the same reasoning which related to question No. 1, referred to above. We find that the Income-tax Officer had granted the additional conveyance allowance under section 10(14) of the Income-tax Act to the tune of Rs. 30,000 as against Rs. 51,3 .....

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