https://www.taxtmi.com/caselaws?id=192605 The available-surplus bonus formula remains the governing basis in industrial adjudication, including for a wasting industry such as gold mining, but it may be adjusted to reflect special requirements proved on evidence. A lease covenant allowing a 15% reserve for revenue expenditure does not by itself create a prior charge or automatic rehabilitation claim; any rehabilitation deduction must be separately justified. Annual pension-fund contributions for a limited class of staff and a bonus amount already provided in an earlier year were treated as non-deductible on the facts. Questions of possible double depreciation and double addition of the initial pension contribution were remitted for fresh findings. en-us Thu, 22 May 1958 00:00:00 +0530 Wed, 07 Jun 2017 18:05:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192605 The available-surplus bonus formula remains the governing basis in industrial adjudication, including for a wasting industry such as gold mining, but it may be adjusted to reflect special requirements proved on evidence. A lease covenant allowing a 15% reserve for revenue expenditure does not by itself create a prior charge or automatic rehabilitation claim; any rehabilitation deduction must be separately justified. Annual pension-fund contributions for a limited class of staff and a bonus amount already provided in an earlier year were treated as non-deductible on the facts. Questions of possible double depreciation and double addition of the initial pension contribution were remitted for fresh findings. Case-Laws Indian Laws Thu, 22 May 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192605