Search Results for "Insurance Business Computation"

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Search Results for "Insurance Business Computation"

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High Court

Bombay High Court Partly Allows Insurance Company's Appeal Reducing Compensation in Motor Accident Claim Due to Lack of Income Proof. Multiplier Applied as per Sarla Verma and Future Prospects Denied for Agriculturist Without Stable Income.

17 Jul 2019

The appeal was filed by the Insurance Company challenging the award of the Motor Accident Claims Tribunal, Ahmednagar, in MACP No.638 of 2009, which a...

High Court

High Court of Bombay at Bombay Dismisses Insurance Company's Appeal in Motor Accident Claim — Insurer Failed to Prove Driver Had No Valid License. The Court upheld the MACT award of Rs. 77,27,864/- with interest, holding that the insurer did not discharge its burden under Section 149(2)(a)(ii) of the Motor Vehicles Act, 1988.

16 Jun 2026

The case arises from a motor accident claim filed by the legal representatives of the deceased, Hujefa Ejaj Anjum Usmani, who died in a vehicular acci...

High Court

Bombay High Court Partly Allows Insurance Company's Appeal in Motor Accident Claim Due to Incorrect Income Assessment and No Contributory Negligence. Compensation Reduced from Rs.56,48,374 to Rs.10,42,000 as Tribunal Erred in Taking Notional Income of Rs.15,000 Instead of Proved Salary of Rs.4,500 Under Motor Vehicles Act, 1988.

2 Aug 2023

The case arises from a motor accident claim filed by the dependents of Tanaji Bhoir, who died in a road accident on 4 February 2009. The deceased was ...

High Court

High Court of Karnataka Enhances Compensation in Motor Accident Claim; Directs Reliance on Income Tax Returns as Statutory Proof of Income. Tribunal Erred in Rejecting ITRs for Want of Educational Certificates; Compensation Recalculated Based on Average of Three Assessment Years' Income.

21 Jul 2026

The appeal arose out of a motor accident claim in which the husband and two minor children of the deceased sought enhancement of compensation awarded ...

High Court

Bombay High Court Disposes of Six First Appeals on Common Issue of Multiplier in Motor Accident Cases. Multiplier to be Based on Age of Deceased and Not on Age of Claimants, and 50% Deduction for Personal Expenses of Bachelor Deceased Upheld under Motor Vehicles Act, 1988.

3 Mar 2014

The Bombay High Court was seized of six first appeals arising from awards of various Motor Accident Claims Tribunals, all involving the death of young...

High Court

Bombay High Court Dismisses Revenue's Appeal in Export Deduction Case — Freight, Insurance, Packing Receipts, Sales Tax Set-off/Refund, and Service Income Not Excludable from Profits of Business Under Section 80HHC Explanation (baa). The Court held that these receipts are not in the nature of 'receipts by way of brokerage, commission, interest, rent, charges or any other receipt of similar nature' and thus 90% thereof is not to be excluded from profits of business.

8 Apr 2010

The case involved an appeal by the Commissioner of Income Tax-6 against an order of the Income Tax Appellate Tribunal dated 6th June 2008 for Assessme...

High Court

Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim Case Due to Breach of Policy Conditions. The court upheld the principle of 'pay and recover' under Section 149 of the Motor Vehicles Act, 1988, holding the insurer liable to pay compensation to third-party victims even if the driver lacked a valid license.

7 Sep 2020

The present appeal was filed by the United India Insurance Co. Ltd. (the appellant) challenging the judgment and award dated 18-08-2005 passed by the ...

High Court

High Court of Bombay Dismisses Insurance Company's Appeal in Motor Accident Claim — Insurer Liable Despite Alleged License Breach. Deceased was a third party and insurer failed to prove willful breach of policy conditions under Section 149 of Motor Vehicles Act, 1988.

3 Jan 2020

The case arises from a motor accident claim filed by the dependents of deceased Ajay Avatade, who died in a road accident on 6th February 2012. The cl...

High Court

Bombay High Court Allows Appeal for Enhancement of Compensation in Motor Accident Claim — Deceased Senior Manager Entitled to 50% Future Prospects and Correct Multiplier. Tribunal's errors in applying multiplier of 14 instead of 13 and deducting 1/3rd for personal expenses instead of 1/4th corrected, resulting in enhanced compensation of Rs.2,52,02,474/-.

18 Nov 2022

This First Appeal was filed by the original claimants, being the heirs and legal representatives of Vilas Ramkumar Deshpande (the deceased), who died ...

High Court

Bombay High Court Partially Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Reliance on Income Tax Return Filed After Death. Tribunal erred in considering post-death income tax return for computing deceased's income; notional income of Rs. 10,000 per month applied instead.

25 Jul 2023

The case arises from a motor accident claim where the deceased, Jitendra Hiraral Pawar, died in a car accident on 13th April 2015. The claimants, his ...

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