Supreme Court of India
Jackson Co-operative Credit Society Limited v. Co-operative Banks & Societies Employees Federation & Ors.
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.
What the Court ordered
We hold that the High Court was right in directing the appellant society to pay bonus to its employees.
Judgment, page 5
From the headnote
Accordingly all such amounts held by the Society as reserve fund in terms of Sec. 66 of the Co-operative Societies Act must qualify for deduction. [2690) If larger amounts are carried forward fo the reserve fund in tetms of Sec. 66, all such amounts will come within the ambit of item (4) of the i 3rd Schedule to the Bonus Act and qualify for deduction. [270A- ) '{ , . CIVIL APPELLATE JURISDICTION: Civil Appeal No. 4042 of 1988.…
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