https://www.taxtmi.com/caselaws?id=156522 For bonus computation, double-shift depreciation may be included only on reliable proof of actual double-shift working, and the employer's unsupported claim was rejected. Return on working capital is allowable only when reserves and their actual use as working capital are proved, and rehabilitation reserve likewise requires clear evidence of the relevant cost and replacement factors; both claims failed for want of proof. Contingency reserve and development reserve under the Electricity (Supply) Act are not strict prior charges, but they must still be accounted for while fixing the available surplus so statutory requirements are not ignored. The bonus award was therefore modified to reflect these reserves and leave a workable surplus. en-us Mon, 16 Aug 1971 00:00:00 +0530 Sat, 01 Mar 2014 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156522 For bonus computation, double-shift depreciation may be included only on reliable proof of actual double-shift working, and the employer's unsupported claim was rejected. Return on working capital is allowable only when reserves and their actual use as working capital are proved, and rehabilitation reserve likewise requires clear evidence of the relevant cost and replacement factors; both claims failed for want of proof. Contingency reserve and development reserve under the Electricity (Supply) Act are not strict prior charges, but they must still be accounted for while fixing the available surplus so statutory requirements are not ignored. The bonus award was therefore modified to reflect these reserves and leave a workable surplus. Case-Laws Indian Laws Mon, 16 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156522