1997 (5) TMI 444

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..... e bonus earned by him and has also claimed depreciation on jeep. 2. This is the case of a development officer of LIC. In his return, the assessee claimed deduction of ₹ 18,566 and ₹ 34,664 as expenses and depreciation respectively out of the incentive bonus earned by him. Following the consistent stand of Jaipur Bench of the Tribunal, the AO disallowed the claim of the assessee. The C .....

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..... the LIC bearing Ref. Mktg./ZD/4/97, dt. 18th February, 1997. 4. Since the above scheme was not available at the time of deciding the first appeal, we are of the view that the assessee should get the benefit of the said scheme. In the interest of justice, therefore, we remand the matter back to the file of the AO with the direction to consider the assessee's claim in the light of the direction .....

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