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Bombay High Court Dismisses Revenue Appeal in Income Tax Case, Holds Compensation for Loss of Agency as Capital Receipt. Amount received by assessee for giving up right to use trade mark and resigning as director is capital receipt not taxable under Section 2(24) and Section 4 of Income Tax Act, 1961.

The case involves an appeal by the Commissioner of Income Tax against the order of the Income Tax Appellate Tribunal allowing the appeal of the assess...

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim Case. Compensation of Rs. 79,000 with 9% Interest Upheld as Rash and Negligent Driving Established.

The case arises from two first appeals filed by United India Insurance Co. Ltd. against the judgment and order dated 5th April 2003 passed by the Moto...

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High Court of Karnataka Dismisses Insurance Company's Appeal in Motor Accident Claim — Upholds Compensation for Injured Claimants. Tractor Accident Victim Awarded Rs.1,50,000 with 6% Interest for Fracture Injuries Under Section 166 of Motor Vehicles Act, 1988.

The case arises from a motor accident claim filed by Venkatesh and Neelamma, husband and wife, who sustained injuries in a tractor accident on 19.10.2...

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High Court of Bombay at Goa Dismisses State's Appeal in Land Acquisition Compensation Case — Enhancement from ₹59.58 to ₹1235 per sq. mt. Upheld. Market value determined based on exemplar sale deeds and location of acquired land in Mapusa City.

The case pertains to an appeal filed by the State (Land Acquisition Officer and Executive Engineer) against the judgment and award dated 9/02/2011 pas...

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Bombay High Court Dismisses Insurer's Appeal in Motor Accident Claim — Negligence Proved by Charge-Sheet and Income Assessed Notionally. The Court upheld the Tribunal's award of Rs. 7,92,000 to the dependents of the deceased, finding no error in the assessment of negligence or income.

The appeal arises from a motor accident claim where the deceased, Rajeshwar, died in a vehicular accident on 27 January 2015. The claimants, being his...