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Bombay High Court Hears Writ Petition Challenging Taxability of Interest Received on Enhanced Motor Accident Compensation. Petitioner Claims Interest is Capital Receipt and Not Taxable; Revenue Relies on Sections 56(2)(viii) and 145A(b) of Income Tax Act, 1961.

The petitioner, a 48-year-old man rendered paraplegic and bedridden since a road accident at age 8, filed a writ petition challenging the taxability o...

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High Court Enhances Compensation in Motor Accident Claim by Setting Aside Tribunal’s Erroneous Deductions for Contributory Negligence, Non-Joinder, and Lump Sum. Multiplier Enhanced to 9 as per Sarla Verma for a 60-Year-Old Deceased.

The appeal arose from a motor accident claim where the widow and daughter of the deceased Narayan Rasekar sought enhancement of compensation awarded b...

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Bombay High Court Allows Appeal of Parents of Deceased MBA Student, Enhances Compensation from Rs. 2 Lakh to Rs. 23.38 Lakh in Motor Accident Claim. Notional Income of Rs. 15,000 Per Month Adopted with 40% Future Prospects and Multiplier of 18.

The appellants, parents of the deceased Sujeet Singh, filed a claim petition under Section 166 of the Motor Vehicles Act, 1988 seeking compensation of...

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Supreme Court Allows Assessee's Appeal in Income Tax Dispute Over Non-Compete Fee Taxability. Amount Received Under Deed of Covenant Held as Capital Receipt Not Taxable Under Section 28(ii)(a) of Income Tax Act, 1961, Due to Separate Genuine Transaction and Procedural Error in High Court's Judgment.

The appeal concerned the assessment year 1995-96 involving Shri Shiv Raj Gupta, Chairman and Managing Director of Central Distillery and Breweries Ltd...

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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.

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...

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Madras High Court Adjudicated a Commercial Suit for Recovery of Chit Maturity Amount Against a Partnership Firm and Partners. The plaintiff claimed the maturity value based on an acknowledgment of liability and promissory estoppel, while the defendants raised a prior suit for injunction and accounts.

The plaintiff, a construction company, filed a commercial suit against a partnership firm (first defendant) and its partners (defendants 2 to 6) for r...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim Case — Deceased was a 60-year-old agriculturist earning Rs.6,000 per month; Tribunal's notional income of Rs.4,500 per month enhanced to Rs.6,000 per month with multiplier of 9 and 1/3rd deduction for personal expenses.

The appeal was filed by the claimants (wife and children of the deceased Buddappa) under Section 173(1) of the Motor Vehicles Act, 1988, against the j...

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Gujarat High Court Enhances Compensation for Watchman in Industrial Dispute Case. Labour Court's Award of Rs.60,000/- Modified to Rs.1,50,000/- for Arbitrary Termination Without Due Process Under Industrial Disputes Act, 1947.

The petitioner, Kalubhai Shukkarabhai Kalat, was employed as a Watchman with the respondent State of Gujarat from 1 July 2010 to 1 August 2015. During...