Search Results for "ascertained liability"

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High Court of Karnataka Enhances Compensation for Accident Victim and Fixes Liability on Insurance Company in Motor Vehicle Accident Case. Claimant sustained grievous injuries due to driver's negligence; Insurance Company held liable as no evidence of invalid license.

The case involves an appeal filed by the claimant under Section 173(1) of the Motor Vehicles Act, 1988, challenging the judgment and award dated 27.06...

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Supreme Court Allows Appeal in Income Tax Deduction Case for Accrued Development Liability. Deduction for Estimated Future Development Expenses Allowed Under Section 10(1) of Indian Income-tax Act, 1922, as Liability Was Accrued, Not Contingent.

The dispute concerned the income tax assessment of a land-developing company that followed the mercantile method of accounting. The appellant, Messrs....

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Madras High Court Dismisses Insurance Company's Appeal in Motor Accident Claim, Upholds Tribunal's Finding of Tractor Involvement. Eyewitness testimony and contemporaneous documents supported the claim, and compensation calculation was as per settled principles.

The case arises from a fatal motor accident that occurred on 06.02.2013 at about 7.30 p.m. The deceased, Nagaraj, was riding his two-wheeler (TVS 50) ...

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High Court Dismisses Insurer's Appeal and Partly Allows Claimant's Enhancement in Motor Accident Claim Involving Empty Tractor. Breach of Policy Condition Not Established as Tractor Was Empty at Time of Accident Despite Commercial Use, Under Section 173(1) of Motor Vehicles Act, 1988.

The case involves two cross-appeals arising from a motor accident claim. The claimant, a pedestrian, was injured when a tractor-trailer returning empt...

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High Court of Karnataka Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence. Claimant's failure to produce valid driving licence and negligence in driving led to reduction of compensation by 50%.

The case involves two appeals filed by the Oriental Insurance Co. Ltd. against the judgment and award dated 03.10.2009 passed by the Civil Judge (Sr.D...