MGN IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO.454 OF 1995 The Commissioner of Income-tax.....Applicant Vs. Shri P.C. Thole ...................Respondent Mr.Ashok Kotangale, for the Applicant CORAM: F.I. CORAM: F.I. CORAM: F.I. REBELL0 REBELL0 REBELL0 & J.P.DEVADHAR,JJ. J.P.DEVADHAR,JJ. J.P.DEVADHAR,JJ. DATED: 8TH AUGUST, 2007 DATED: 8TH AUGUST, 2007 DATED: 8TH AUGUST, 2007 P.C. P.C. P.C. . The Tribunal had made the following reference:- "Whether the facts and in the circumstances of the case, the Tribunal was right in law in allowing deduction at 25% on incentive bonus, when the Tribunal itself held that the incentive bonus should be treated as salary? This question has been answered in favour of the revenue by the judgment of this Court reported in 248 ITR 819. In the light of that reference answered in the negative in favour of the revenue and against the assessee. Reference disposed of accordingly. (J.P. DEVADHAR, J.) (F.I.REBELLO, J.) (J.P. DEVADHAR, J.) (F.I.REBELLO, J.) (J.P. DEVADHAR, J.) (F.I.REBELLO, J.)