Case remanded to decide I-T exemption on receipt of incentive bonus to meet exp. on procuring LIC bu

IT : Where assessee, a Development Officer in LIC, received incentive bonus in order to reimburse expenditure required to be incurred for procuring business and claimed that part of incentive bonus was required to be exempted under provisions of Act, Commissioner was directed to decide issue keeping in view decision of Gujarat High Court rendered in case of CIT v. Kiranbhai H. Shelat [1999] 235 ITR 635