1993 (7) TMI 136

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..... the employment of Life Insurance Corpn. of India (LIC) as a Development Officer. During the years under consideration, he received additional conveyance allowance of Rs. 9,336, 11,318, 15,465 and 11,862 in respect of which he had claimed exemption. The assessments for all the four years were completed under s. 143(1) of the Act. 3. It appears that the case of the assessee for asst. yr. 1981-82 .....

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..... h, 1988 passed under s. 254(2) of the Act, the Tribunal modified its earlier order dt. 31st July, 1985 passed under s. 254(1) cancelling the order of the Tribunal bringing the amount of incentive bonus to tax. After the decision of this M.A. No. 24/Jp/87 the assessee moved applications under s. 154 requesting the ITO to modify his reassessment orders in terms of the order of the Tribunal passed in .....

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..... s of the order of the Tribunal. That order of the Tribunal had no doubt decided the issue of incentive bonus against the assessee but the taxability of any incentive bonus does not appear to be involved in any of the assessment years under consideration as the computation sheets prepared by the ITO in the reassessment proceeding does not give any indication in that behalf. Moreover, the decision o .....

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