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Supreme Court Allows Assessees in Interest Tax Act Case on Hire-Purchase Instalments. Hire-purchase agreements are distinct from loans, and interest component in instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974, as it does not constitute interest on loans and advances.

The dispute involved a batch of civil appeals concerning the tax liability of non-banking finance and leasing companies under the Interest-Tax Act, 19...

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High Court of Karnataka Allows BMTC's Appeal in Motor Vehicle Accident Claim — Tribunal's Award Set Aside Due to Lack of Evidence of Negligence. Owner of the offending vehicle held liable for damages as insurer's liability not established under Section 173(1) of Motor Vehicles Act, 1988.

The appellant, Bangalore Metropolitan Transport Corporation (BMTC), filed a claim petition before the Motor Accident Claims Tribunal (MACT) seeking co...

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High Court of Karnataka Partly Allows Criminal Appeal Against Conviction Under IPC, MMRD Act, and Motor Vehicles Act. Conviction Under MMRD Act Set Aside Due to Non-Compliance with Section 22 Bar on Police Cognizance, While Theft and Motor Vehicles Convictions Upheld Based on Official Witness Evidence.

Background: The case involves a criminal appeal filed before the Karnataka High Court against the judgment of conviction dated 03.01.2018 by the Princ...

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High Court of Karnataka Allows Appeal for Enhanced Compensation in Motor Vehicle Accident Case. Claimant Pedestrian Hit by Scooter Awarded Rs. 2,00,000/- for Grievous Injuries Including Fracture and Disability.

The appellant, Muniswamy, filed a claim petition under the Motor Vehicles Act, 1988, seeking compensation for injuries sustained in a road accident on...

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High Court of Karnataka Partly Allows Insurer's Appeal Reducing Compensation in Motor Accident Claim Due to Erroneous Income Assessment. Tribunal's Award of Rs. 23,59,400 Reduced to Rs. 6,39,000 as Deceased's Income Was Not Properly Proved and Future Prospects Were Wrongly Added.

The case involves an appeal by the National Insurance Co. Ltd. against the judgment and award dated 06/01/2011 passed by the XVI Additional Judge, Mot...

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Bombay High Court Allows Appeal in Motor Accident Claim Case Due to Negligence Established by Criminal Proceedings — Tribunal Erred in Dismissing Claim on Ground of Non-Examination of Eye Witnesses.

The present appeal arises from the dismissal of a claim petition under Section 166 of the Motor Vehicles Act, 1988 by the Motor Accident Claims Tribun...

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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence. Deceased Motorcyclist Found 50% Negligent for Collision with Tata Magic, Reducing Claimants' Award Proportionately Under Motor Vehicles Act, 1988.

The present appeal was filed by M/s Shriram Insurance Company Ltd., the insurer of the Tata Magic vehicle, challenging the judgment and award dated 06...