Supreme Court · 1961 INSC 313 · Decided 16 November 1961
Mysohe Kirloskar Limited v. Workers of the Mysore Kirloskar Limited
- Court
- Supreme Court of India
- Citation
- 1961 INSC 313 · [1962] SUPP. 1 S.C.R. 375
- Case number
- CIVIL APPEAL No. 233/1960
- Decided
- 16 November 1961
- Bench
- P.B. GAJENDRAGADKAR, A.K. SARKAR, K.N. WANCHOO (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Industrial Disputes Act
Headnote
SUPltEME COURT REPORTS 375 MYSOHE KIRLOSKAR LIMITED t'. WORKERS OF THE MYSORE KIRLOSKAR LIMITED (P. B. GAJENDRAGADKAR, A. K. SARKAR and K .. N. WANHOO, JJ.) Industrial Dispute-Bonus-Income Tax deductions­ Method of calculation-Working Capital-Return, if could include borrowed or deposit Assa:; ciated Companies Ltd's case the income-tax deduction n1ust be calculatfd on the amount which represents the balance after deducting the full statutory depreciation allowed from the gross profit. Held, further that the rate allowed for return on work­ ing capital is to 2 to 4% which is
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