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Bombay High Court Dismisses Insurance Company's Appeal in Single-Vehicle Accident Case. Legal Heirs of Driver-Brother Entitled to Compensation Under Comprehensive Policy Under Motor Vehicles Act, 1988.

The case involves an appeal by United India Assurance Company Ltd. against an award of compensation to the legal heirs of Bhaskar Patki, who died in a...

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Bombay High Court Allows Assessee's Appeal on Proportional Increase of Advertisement Limit and Deductibility of Statutory Fund Transfer. Holds that Section 37(3A) limit must be proportionately increased for extended previous year and transfer to statutory storage fund is deductible under Section 37(1).

This judgment by the Bombay High Court addresses four questions of law referred by the Income Tax Appellate Tribunal under Section 256(1) of the Incom...

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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Deceased Driver's Own Negligence Not Covered Under Section 166 of Motor Vehicles Act, 1988. Tribunal's finding of employment and salary set aside; penal interest direction modified.

The case arises from a claim petition filed under Section 166 of the Motor Vehicles Act, 1988, by the dependents of Nazir Beg, who died in a motor acc...

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High Court of Bombay at Goa Allows Appeal in Part Regarding Computation of Deduction Under Section 80HHC of Income Tax Act, 1961 — Receipts from Hire of Barges, Proceeds of Services, Repairs of Vessels, and Extraction Charges Held Part of Total Turnover for Export Deduction.

The appellant, Sesa Goa Ltd., is a company engaged in the business of mining and export of iron ore. For the assessment year 1996-1997, the appellant ...