1997 (5) TMI 444 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Jaipur allowed the appeal of the assessee for the assessment year 1991-92 regarding deduction of expenses and depreciation on a jeep out of the incentive bonus earned. The Tribunal remanded the matter back to the AO to consider the claim in light of a recent communication from the CBDT and a scheme formulated by LIC. The appeal was allowed for statistical purposes.