Search Results for "notional interest"

1196 result(s) found

Scroll Down To Discover

Found 1196 result(s)

© Image Copyrights Juris Services & Technology

Gujarat High Court Allows Appeal in Motor Accident Claim — Notional Income Enhanced to Minimum Wage Rate. Deceased's Income Reassessed at Rs.8,655 per Month Under Motor Vehicles Act, 1988, Resulting in Enhanced Compensation of Rs.15,00,000.

The case arises from a motor accident on 29.08.2019, wherein Ajaj Firojbhai Mirchandani, an occupant in a car, died due to the driver's rash and negli...

© Image Copyrights Juris Services & Technology

Bombay High Court Considers Treatment of Sales Tax Incentives as Capital or Revenue Receipt Under Income Tax Act, 1961. Appeals Filed Under Section 260A Addressed Conflicting ITAT Decisions on State Government Incentive Schemes for Backward Areas.

The judgment concerns two income tax appeals under Section 260A of the Income Tax Act, 1961, heard together by the Bombay High Court. The central issu...

© Image Copyrights Juris Services & Technology

High Court of Bombay at Goa Enhances Compensation in Motor Accident Claim — Appellants Awarded Additional ₹1,50,000 with 6% Interest. Notional Income of Deceased Fixed at ₹6,000 per Month Under Motor Vehicles Act, 1988.

The present appeal arises from a judgment and award dated 24.08.2016 passed by the Motor Accident Claims Tribunal, North Goa, in Claim Petition No.43/...

© Image Copyrights Juris Services & Technology

Bombay High Court Sets Aside Arbitral Award in Stock Broker Dispute — Violation of NSEIL Rules Renders Award Contrary to Public Policy. Trading Member's Squaring Off of Defaulting Client's Position Upheld as Permissible Under Bye-Laws, Award of Damages for Loss of Higher Price Set Aside.

The petitioner, M/s. Ventura Securities Limited, a trading member of the National Stock Exchange of India Ltd. (NSEIL), challenged an arbitral award d...

© Image Copyrights Juris Services & Technology

Gujarat High Court Allows Appeal in Motor Accident Claim — Notional Income Enhanced from Rs.7,000 to Rs.12,000 per Month for Deceased Scooty Rider. Future Prospects and Conventional Heads Enhanced as Per Pranay Sethi Principles.

The appellants, original claimants, filed an appeal under Section 173 of the Motor Vehicles Act, 1988, aggrieved by the judgment and award dated 09.08...

© Image Copyrights Juris Services & Technology

Bombay High Court Enhances Compensation for Parents of Deceased Unmarried Son in Motor Accident Claim — Notional Income Increased with Future Prospects and Higher Interest. The court applied the principles of Pranay Sethi and Sarla Verma to compute just compensation under the Motor Vehicles Act, 1988.

The appellants, parents of deceased Nilesh Rameshchandra Kabra, filed a claim petition under Section 166 of the Motor Vehicles Act, 1988, seeking comp...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Claimants' Appeal for Enhanced Compensation in Motor Accident Claim. Tribunal's Award of Rs.1,89,500 Found Inadequate as Deceased's Monthly Income Reassessed to Rs.5,000, Not Rs.1,500, Under Motor Vehicles Act, 1988.

The appeal arose from a motor accident claim under Section 166 of the Motor Vehicles Act, 1988. The deceased, a tyre repair shop owner, died on 20 Jul...