https://www.taxtmi.com/caselaws?id=192651 Bonus computation under industrial adjudication was treated as governed by an established formula based on social justice, and the Court declined to revise or reconstruct that formula in the individual appeals. The employer was not barred by earlier estimates from claiming rehabilitation, replacement and modernisation on objective evidence, and the allowable rehabilitation provision was recalculated on the facts. Overtime earnings were excluded from bonus computation to avoid a double advantage. For prior charges, only notional normal depreciation was allowed, income-tax was computed on the bonus-year basis, the tribunal's 6% return on paid-up capital was upheld, and gratuity reserve was not treated as a separate prior charge. On that working, no surplus remained for additional bonus. en-us Tue, 05 May 1959 00:00:00 +0530 Fri, 09 Jun 2017 12:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192651 Bonus computation under industrial adjudication was treated as governed by an established formula based on social justice, and the Court declined to revise or reconstruct that formula in the individual appeals. The employer was not barred by earlier estimates from claiming rehabilitation, replacement and modernisation on objective evidence, and the allowable rehabilitation provision was recalculated on the facts. Overtime earnings were excluded from bonus computation to avoid a double advantage. For prior charges, only notional normal depreciation was allowed, income-tax was computed on the bonus-year basis, the tribunal's 6% return on paid-up capital was upheld, and gratuity reserve was not treated as a separate prior charge. On that working, no surplus remained for additional bonus. Case-Laws Indian Laws Tue, 05 May 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192651