https://www.taxtmi.com/caselaws?id=192651 The text explains retention of the Full Bench formula for bonus adjudication while directing tribunals to treat it as elastic and to scrutinise prior-charge items objectively. Depreciation within the formula is to be taken as notional normal depreciation. Tribunals must admit and weigh evidence on price trends, asset lives, multipliers and divisors, and may project replacement costs beyond the bonus year. Rehabilitation excludes expansion. Overtime is not part of basic wages for bonus computation. Gratuity is not an additional prior charge but may inform distribution. Tribunals may fix reasonable returns on paid-up and working capital case-by-case. 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 The text explains retention of the Full Bench formula for bonus adjudication while directing tribunals to treat it as elastic and to scrutinise prior-charge items objectively. Depreciation within the formula is to be taken as notional normal depreciation. Tribunals must admit and weigh evidence on price trends, asset lives, multipliers and divisors, and may project replacement costs beyond the bonus year. Rehabilitation excludes expansion. Overtime is not part of basic wages for bonus computation. Gratuity is not an additional prior charge but may inform distribution. Tribunals may fix reasonable returns on paid-up and working capital case-by-case. Case-Laws Indian Laws Tue, 05 May 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192651