erred in law and on facts in
upholding the disallowance of performance linked
incentive of Rs. 5,41,816/- payable to employees, wrongly
treating ... disallowed a sum of Rs. 5,41,816/- being
performance linked incentive for the reason that the sum has been paid after the due
date
according to the Assessing Officer,
such amount represented expenses incurred on performance linked
incentive for employees, operating expenses like advertisement, legal
and professional fees, courier
while computing deduction under section 80HHC, did not deal with export incentives at all. While determining profits of business, he did not follow the mandate ... since export incentives have a link with actual export performance, proviso to sub-section (3) again links up the incentives partly to enable the assessee
issue in
dispute.
2.7 discounts and incentives',
With regard to the issue of 'discounts incentives the
break up of the amount ... explained that these
discounts were granted in terms of commercial schemes linked to
achievement of sales targets and were computed as a percentage of
turnover
M/S Tata Aig General Insurance ... vs Acit - 8(3)(1), Mumbai on 30 October
M/S Tata Aig General Insurance ... vs Acit - 8(3)(1), Mumbai on 30 October
Joint Commissioner Of Income Tax ... vs M/S Tata Aig General Insurance Co. Ltd, ... on
Dcit, Cir-8(3)(1), Mumbai vs M/S. Tata Aig General Insurance Co. ... on
linked to the Franchise Store
Performance. The HOADL will also conduct audits every quarter and on the basis of that
the performance incentive will
linked to the Franchise Store
Performance. The HOADL will also conduct audits every quarter and on the basis of that
the performance incentive will
