Supreme Court · 1968 INSC 201 · Decided 20 August 1968
Metal Box CO. of India LTD. v. Their Workmen
- Court
- Supreme Court of India
- Citation
- 1968 INSC 201 · [1969] 1 S.C.R. 750
- Case number
- CIVIL APPEAL No. 2138/1966
- Decided
- 20 August 1968
- Bench
- J.M. SHELAT, C.A. VAIDYIALINGAM (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 205(2); Income Tax Act Section 32(1)
Headnote
CO. OF INDIA LTD. v. THEIR WORKMEN August 20, 1968 [J. M. SHELAT At<D C. A. YAlDlALlNGAM, JJ.j Bonus Act, 1965 ss. 4, 6, 7--Scope of-..Con1puta1io11 of bonus-­ Principles for deduction from /;l'O~S profit~; on uccuunt of deprecia1k>n, deve/op111cn1 rebate, and estinwtt.'d liability between the appellant and it.; \!.'Ork.men relating to the computation of bonll~ under 1hc Payment df Bonus Act, 1965. the Com­ pany contended that the available surplus came to R•. 49.96 lakhs, mty per cent of which, namely, Rs. 29.98 laklt• was the alloeablc surplus. The
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