Supreme Court · 1958 INSC 31 · Decided 31 March 1958
Workmen of Assam CO. v. Assam CO. LTD.
- Court
- Supreme Court of India
- Citation
- 1958 INSC 31 · [1959] 1 S.C.R. 327
- Case number
- CIVIL APPEAL No. 34/1957
- Decided
- 31 March 1958
- Bench
- NATWARLAL HARILAL BHAGWATI, J.L. KAPUR, A.K. SARKAR (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
SUPREME COURT .REPORTS 327 WORKMEN OF ASSAM CO. v. ASSAM CO. LTD. (BHAGWATI, J. L. KAPUR and A. K. SARKAR JJ.) Industrial Dispute-Bonus-Formula applicable to tea industry • -Deductions allowable for ret·urn on capital and on reserves-" Unit Scheme" of payment of bonus, if available for payment of bonus, inter alia return on paid up capital and on the reserves at 7% and 5% respectively and accepted the "unit ~cheme" of payment of bonus which the company had been following since 1926. Under this scheme units were credited to each workman taking into
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