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High Court of Karnataka Reduces Compensation in Motor Accident Claim by Correcting Multiplier from 18 to 16 for Deceased Aged 26 Years. Tribunal's award of Rs.4,65,000 reduced to Rs.4,47,000 as per Sarla Verma guidelines.

The case involves two cross-appeals arising from a motor accident claim. The accident occurred on 23.03.2011 when a KSRTC bus driven by Shivanand Badi...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim Case Due to Negligence of KSRTC Bus Driver. The court upheld the finding of negligence against the bus driver and enhanced compensation by adding future prospects and standard heads.

The case involves two appeals arising from a motor accident claim. The appellant in MFA No. 30819/2012 is the Managing Director of NEKRTC, challenging...

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Supreme Court Allows Appeal in Income Tax Deduction Case for Accrued Development Liability. Deduction for Estimated Future Development Expenses Allowed Under Section 10(1) of Indian Income-tax Act, 1922, as Liability Was Accrued, Not Contingent.

The dispute concerned the income tax assessment of a land-developing company that followed the mercantile method of accounting. The appellant, Messrs....

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Supreme Court Dismisses Assessee's Appeal Against Inclusion of Interest Credits as Taxable Income Under Section 4(1)(a) of Income-tax Act, 1922. Mercantile System Credit Entries for Interest from Own Shop in Native State Treated as Income Received in British India.

The assessee, ordinarily resident in British India, carried on business at Khurja and Aligarh in India and at Chistian in the Indian State of Bahawalp...

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Bombay High Court Examines Insurer's Defense in Motor Accident Compensation Case Based on Incompatible Driving License. Insurer Relies on Section 149(2)(a)(ii) of Motor Vehicles Act, 1988, Arguing Driver's Light Motor Vehicle License Was Invalid for Heavy Goods Vehicle Involved.

The appeal arose from a motor accident claim in which the parents of a seven-year-old girl, who died after being hit by a truck while returning from s...