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Bombay High Court Allows Deduction for Record Production Bonus and Other Expenditures in Income Tax Reference. Payment of record production bonus not hit by section 36(1)(ii) as it was not paid out of profits but as an incentive for extra labour.

This is an income tax reference at the instance of the Revenue (Commissioner of Income Tax) against the assessee, M/s. Tata Iron & Steel Company Limit...

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Supreme Court Allows Appeal in Bonus Calculation Dispute Involving Subsidiary Company. Service Fee Payment Under Technical Aid Agreement Held to Be Legitimate Expenditure, and Deduction of Bonus as Prior Charge Before Depreciation and Tax Ruled Improper Under Industrial Disputes Act, 1947.

The dispute arose out of a claim for bonus by the workmen of Crompton Parkinson (Works) Private Ltd., Bombay, which was initially a wholly-owned subsi...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim and Upholds Insurance Company's Liability. Claimants awarded increased compensation with 6% interest; insurer's appeal against liability dismissed.

The judgment pertains to two cross-appeals arising from the same accident claim. The claimants, Laxmibai and her children, filed MFA 12587/2007 seekin...

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High Court Allows Appeal in Motor Accident Claim for Permanent Disability - Compensation Enhanced to Rs. 2,00,000. The court held that the Tribunal erred in not awarding compensation for permanent disability and loss of future earnings under the Motor Vehicles Act, 1988.

The appellant, Milind Sharad Pendharkar, filed a claim petition under the Motor Vehicles Act, 1988, seeking compensation for injuries sustained in a m...