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Bombay High Court Partially Allows MSRTC Appeal and Claimants' Cross-Objection in Motor Accident Claim — Future Prospects Not Applicable to Deemed Income of Student. Notional Income of Deceased Student Determined at Rs. 10,000 Per Month with 40% Deduction for Personal Expenses.

The case arises from a motor accident claim petition filed by the parents and sister of a 20-year-old male student who died in a road accident. The de...

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Bombay High Court Allows Depreciation on Original Cost in Amalgamation Case Under Rule 10 of Income Tax Rules. Notional Depreciation to Non-Resident Parent Does Not Reduce Written Down Value for Successor Company.

The case involves an Income Tax Reference under section 256(1) of the Income Tax Act, 1961, arising from the assessment years 1976-77, 1977-78, and 19...

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Bombay High Court Dismisses Petition Challenging Retrospective Amendment to Sales Tax Incentive Scheme. Retrospective Operation of Section 41B of Bombay Sales Tax Act and Rule 31AA Upheld as Valid and Not Violative of Vested Rights.

The petitioners, M/s. Prasad Power Control Pvt. Limited and its director, challenged the constitutional validity of Section 41B of the Bombay Sales Ta...

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Supreme Court Allows Direct Recruit District Judge's Claim for Seniority Over Promotees in Kerala Higher Judicial Service. Notional Seniority Granted from Date of Initial Appointment of Other Direct Recruits in Same Selection.

The case involves a dispute over seniority between direct recruit District Judges and promotees appointed by transfer in the Kerala Higher Judicial Se...

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Supreme Court Allows Appeal of Legal Heirs in Workmen's Compensation Case: Death of Truck Driver While Fetching Water from Canal Held to Arise Out of Employment. Notional Extension Doctrine Applied to Compensate Under Employee's Compensation Act, 1923.

The appellants, legal heirs of the deceased truck driver, were granted compensation by the Workmen's Compensation Commissioner under the Workmen's Com...