2001 (6) TMI 180

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..... essee, a Development Officer of LIC. The cross-objections are filed by the assessee supporting the order of the CIT(A) for the aforesaid assessment years. 2. While processing the return under s. 143(1)(a) of the Act the AO disallowed the deduction of 40 per cent of incentive bonus. The CIT(A) observed that the Tribunal, Gauhati Bench, had been consistently allowing 40 per cent deduction as incen .....

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