IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO. 185 OF 1995 The Commissioner of Income Tax, Bombay .. Applicant V/s. Shri Laxman T. Sanap Patil, Bombay .. Respondent Mr. R.V. Desai with Ms. S.V. Bharucha and Mr. R. Ashokan for the Applicant None present for the Respondent CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. DATED : 22.02.2005 DATED : 22.02.2005 DATED : 22.02.2005 P.C.:- P.C.:- P.C.:- 1. Heard the learned counsel for the Applicant. The question referred to reads as under:- 1. Whether on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the assessee is entitled for a deduction for expenses at 40% of incentive bonus received from L.I.C. of India by the assessee who is a Development Officer. 2. In view of the decision in C.I.T. v. Gopalkrishna C.I.T. v. Gopalkrishna C.I.T. v. Gopalkrishna Suri 248 ITR 819 (S.C.) Suri 248 ITR 819 (S.C.) Suri 248 ITR 819 (S.C.), the question is answered in the negative, i.e. favour of the Revenue and against the assessee. (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.)