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Bombay High Court Dismisses Assessee's Claim for Depreciation on Share Issue Expenses Capitalised to Plant and Machinery. Expenditure on Raising Share Capital Not Part of Actual Cost Under Section 32 of Income Tax Act, 1961, and Falls Under Section 35D as Preliminary Expenses.

The case involves an Income Tax Reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal for the assessment ye...

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High Court of Gujarat Enhances Compensation in Motor Accident Claim Case Due to Proper Application of Multiplier and Future Prospects. The court recalculated compensation for death of a 35-year-old self-employed person, adding 40% future prospects and applying multiplier of 18, resulting in enhanced award.

The present appeal was filed by the original claimants under Section 173 of the Motor Vehicles Act, 1988, being aggrieved and dissatisfied with the im...

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Gujarat High Court Allows Appeal in Motor Accident Claim Due to Sole Negligence of Truck Driver — Compensation Enhanced from Rs. 1,19,800 to Rs. 2,46,400. Claimant's Income Assessed at Rs. 3,000 per Month with 40% Future Prospects and Multiplier of 16 Under Motor Vehicles Act, 1988.

The appellant, Pathan Mohamadhasim Mustufakhan, filed a first appeal under Section 173 of the Motor Vehicles Act, 1988, challenging the judgment and a...

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High Court of Gujarat Partly Allows Appeal in Motor Accident Claim — Compensation Enhanced for Injured Claimant. Future prospective income and minimum wages considered for computing loss of earning capacity under Motor Vehicles Act, 1988.

The appellant, Amarsinh Anopsinh Chauhan, filed a First Appeal under Section 173 of the Motor Vehicles Act, 1988, against the judgment and award dated...

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Gujarat High Court Allows Appeal and Enhances Compensation in Motor Accident Claim Case Due to Erroneous Deduction of Personal Expenses. Tribunal's deduction of 1/3rd towards personal expenses for a bachelor was incorrect; 50% deduction applied as per Sarla Verma guidelines, and future prospects added.

The present appeal arises from a judgment and award dated 14.12.2009 passed by the Motor Accident Claims Tribunal (Aux), Patan in MACP No.5400 of 2002...

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High Court of Karnataka Allows Appeal in Motor Accident Claim Case — Compensation Enhanced from Rs. 10,52,000 to Rs. 16,82,000. Multiplier Corrected from 13 to 14 Based on Deceased's Age of 35 Years, Future Prospects Added at 40%, and Deduction Reduced to 1/4th for Five Dependents.

The claimants, being the wife, minor children, and parents of deceased Shivanna, filed an appeal under Section 173(1) of the Motor Vehicles Act, 1988,...

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High Court of Karnataka Enhances Compensation for Injured Claimant in Motor Accident Case — Insurer's Appeal Dismissed. Claimant awarded additional compensation for permanent disability and loss of income due to amputation of leg.

The case involves two appeals arising from a motor accident claim. The claimant, B.N. Dhananjaya, sustained grievous injuries including amputation of ...