Supreme Court · 1978 INSC 112 · Decided 21 July 1978
Management of Central Coal Washery v. Workmen & ANR.
- Court
- Supreme Court of India
- Citation
- 1978 INSC 112 · [1978] 3 S.C.R. 1023
- Case number
- CIVIL APPEAL No. 1848/1970
- Decided
- 21 July 1978
- Bench
- P.N. BHAGWATI, V.D. TULZAPURKAR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32
Headnote
Paynient of Bonus Act, 1965, S. 16(1) (a) and Explanation II thereto, inter­ pretation of-Meaning and connotation of the word 'Profit' frorn the establish­ ment within the meaning of clause (a) of Sub-section (1) of S. 16. The appellant organisation, set up as an independent organisation Bhojudih and Patherdih, maintained separate accounts in respect of its esta­ blishment and also prepared a separate balance sheet and profit and loss account showing the aggregate financial result of the operation of these three coal washeries. The appellant adopted the straight line method
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