2000 (11) TMI 6

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..... rom the incentive bonus is allowable in addition to specific deduction allowable under that section - held that the questions are questions of law and that the High Court should have directed the Tribunal to refer the same to it - Civil Appeal No 5861 of 1997. - - - Dated:- 16-11-2000 - S. P. BHARUCHA, D. P. MOHAPATRA AND S. N. PHUKAN JJ. For the Appellant : K. N. Shukla, Senior Advocate .....

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..... Act, further deduction at 40 per cent. from the incentive bonus is allowable in addition to specific deduction allowable under that section ? The decision in the case of CIT v. Ram Krishna Banik [19951 215 ITR 901 (Gauhati) also holds that identical questions are questions of fact. We are of the view that the questions are questions of law and that the High Court should have directed the T .....

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