Supreme Court of India
Mysohe Kirloskar Limited v. Workers of the Mysore Kirloskar Limited
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Industrial Dispute-Bonus-Income Tax deductions Method of calculation-Working Capital-Return, if could include borrowed or deposit amount on whi-0h oompany was pay· ing interest -Rehabilitation-Evidence as to the prior charges not led, if could be led for subsequent dispute. Held, that in consonance with the decision in the 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
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