puja bonus or other customary
bonus, he would be entitled to deduct the amount of bonus so
paid from the amount of bonus payable ... such as Customary bonus and Puja or Festivity
bonus. In case of such customary and traditional bonus,
the question of profit
Each year for which bonus is claimed is a
self-contained unit and bonus will be computed on the
profits of the establishment in that ... basic scheme
of the Bonus Formula viz. determination of bonus as a
percentage of gross profits reduced by certain prior
charges, viz. normal depreciation admissible
nature of profit bonus-it is
common -round, that the bonus with which we are concerned
with was a profit bonus-in various cases ... purpose of
earning profits. A fortiori profits have already been made.
It is more like sharing of profits on the basis of a certain
formula
without exception 'made unique profits. As we have said
already the basic concept of profit bonus, as it appears
from the judgments of this ... kind of bonus, namely, goodwill bonus and that
the Agreement when it provides for a minimum bonus
irrespective of availability of profits provides for such
profit bonus could not be
awarded in addition' to production bonus ; (v) that the
production bonus in this case was really profit bonus ... bonus or profit sharing as this
did not mean that the scheme itself was for profit sharing
or profit bonus. The other clauses
Fund-Bonus-Whether excepted from
definition of 'Basic Wages'-Contribution-Whether to be paid
on bonus-Bonus, whether denotes, only Profit Bonus--Central ... with respect to
profit bonus, the term "bonus" though not qualified by the
word "profit" bad always been limited by specifying
SC1455 (21)
ACT:
Industrial Dispute-Bonus-Profit sharing bonus-Customary
festival bonus-Quantum of-Deductions from profits for
income-tax purposes in partnership firm-Nature ... bonus, bonus as an implied term of service
and customary or traditional bonus on the occasion of
Divali. The Tribunal fixed the amount of bonus
dispute between the appellant and its workmen as regards profit bonus with respect to the years ending December 1959 and December 1960. Further there ... large profits earned by the appellant in the two years in question. Thus they claimed four months wages as profit bonus for both the years
bonus, but at the same time provision was made for an agreement for production or productivity bonus in lieu of bonus based on profit ... bonus. The different percentages really were intended to decide how much bonus a person will get, but the basis of the bonus remained profits earned
payment as general bonus was an
annual bonus linked with production or productivity and paid
in lieu of bonus based on profits.
The nature ... substitute
"exgratia bonus" by "general bonus" and to abolish
attendance bonus. The demand also was for general bonus to
be paid
