Search Results for "notional estimation"

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Madras High Court Considers Tax Revision Against Tribunal Order Restoring Equal Addition and Penalty Under TNVAT Act, 2006. Taxpayer Argues Stock Variation Computed from Notional Trading Method Without Physical Verification Cannot Sustain Penalty Under Section 27(3)(c).

The case involved a tax revision petition filed by M/s. Vista Garments, a registered dealer under the CGST Act, 2017, engaged in manufacturing hosiery...

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Supreme Court Allows Appeal in Motor Accident Claim Case Due to Incorrect Multiplier and Omission of Future Prospects. Compensation Enhanced from Rs.5,96,761 to Rs.7,26,700 with 9% Interest for Deceased Aged 45 Years Under Motor Vehicles Act, 1988.

The present appeal arises from a motor accident claim where the deceased, Smt. Tarawati, aged 45 years, died in a road accident on 07.02.2003 due to r...

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Supreme Court Allows Appeals for Enhancement of Compensation in Motor Accident Deaths of Housewife and Minor Child. Sets Aside Contributory Negligence Deduction for Passengers in Horse Cart, Awards Future Prospects for Housewife and Minor.

The Supreme Court allowed appeals by the claimants, enhancing compensation for the death of a housewife and her minor daughter in a motor accident. Th...

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Bombay High Court Holds Appellate Court Cannot Routinely Enhance Compensation Without Claimant's Appeal or Cross-Objections in Motor Accident Claims. Enhancement Permissible Only in Manifestly Unjust Awards Under Section 168 of Motor Vehicles Act, 1988.

The case arises from a First Appeal under the Motor Vehicles Act, 1988, filed by United India Insurance Co Ltd against an award of the Motor Accident ...