https://www.taxtmi.com/caselaws?id=189861 The Supreme Court ruled in a case involving the interpretation of the Payment of Bonus Act, 1965, as amended by Act 23 of 1976. The Court held that the 1976 amendment did not nullify customary bonuses, emphasizing that the Act primarily addressed profit-oriented bonuses and did not govern customary, traditional, or contractual bonuses. The Court distinguished between statutory bonuses under the Act and customary bonuses, concluding that they operated in separate spheres and did not conflict. The appeal challenging the legality of customary bonuses under the 1976 amendment was dismissed, with each party bearing their respective costs. en-us Wed, 11 Apr 1979 00:00:00 +0530 Mon, 23 Jan 2017 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189861 The Supreme Court ruled in a case involving the interpretation of the Payment of Bonus Act, 1965, as amended by Act 23 of 1976. The Court held that the 1976 amendment did not nullify customary bonuses, emphasizing that the Act primarily addressed profit-oriented bonuses and did not govern customary, traditional, or contractual bonuses. The Court distinguished between statutory bonuses under the Act and customary bonuses, concluding that they operated in separate spheres and did not conflict. The appeal challenging the legality of customary bonuses under the 1976 amendment was dismissed, with each party bearing their respective costs. Case-Laws Indian Laws Wed, 11 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189861