Gross profit deduction rules clarify that specified employer sums are treated as prior charges in bonus computation. Rule 26 provides that the further sums specified for the employer in Appendix D are to be deducted from gross profit as prior charges under clause (c) of section 34. The provision operates as a calculation rule for determining gross profit by recognising specified employer-related sums as deductible prior charges and is limited to the treatment of those sums in the gross profit computation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Gross profit deduction rules clarify that specified employer sums are treated as prior charges in bonus computation.
Rule 26 provides that the further sums specified for the employer in Appendix D are to be deducted from gross profit as prior charges under clause (c) of section 34. The provision operates as a calculation rule for determining gross profit by recognising specified employer-related sums as deductible prior charges and is limited to the treatment of those sums in the gross profit computation.
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