Yet again in New India Assurance Co. Ltd. v. Charlie and Anr. MANU/SC/0244/2005 : AIR2005SC2157 , the same view was reiterated. However, therein although the words 'net income' has been used but the same itself would ordinarily mean gross income minus the statutory deductions. We must also notice that the said decision has been followed in New India Assurance Co. Ltd. v.