1990 (6) TMI 113 - AT - Income Tax

Summary

The assessee, a Development Officer at LIC, received incentive bonus and additional conveyance allowance assessed as 'income from business.' Commissioner held it should be 'income from salary.' Assessee appealed, citing Tribunal cases. Tribunal noted High Court ruling that incentive bonus is part of salary. Appeals dismissed. (1990 (6) TMI 113 - ITAT INDORE)