Search Results for "annual income determination"

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High Court of Gujarat Dismisses Insurance Company's Appeal in Motor Accident Claim — No Contributory Negligence Found. Tribunal's Award of Rs.39,80,000/- Upheld as Findings Were Based on Evidence and Not Perverse Under Section 173 of Motor Vehicles Act, 1988.

The present First Appeal under Section 173 of the Motor Vehicles Act, 1988 was filed by Reliance General Insurance Co. Ltd., the appellant, challengin...

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High Court of Bombay Dismisses Insurance Company's Appeal in Motor Accident Claim — Compensation of Rs.68,23,000 Upheld. Computation of Loss of Dependency Based on Deceased's Annual Income of Rs.12,00,000 with 50% Future Prospects and Deduction of 1/3rd for Personal Expenses.

The case arises from a motor accident claim petition filed by the widow and son of Shivram Nake, who died in a road accident on 06.09.1995. The deceas...

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High Court of Karnataka Enhances Compensation in Motor Accident Claim for Death of 45-Year-Old Businessman. Tribunal's deduction of 30% towards income tax held erroneous; multiplier of 14 applied on notional income of Rs. 6,000 per month with 50% future prospects.

The appeal arises from a judgment dated 7-7-2015 passed by the Senior Civil Judge and Additional MACT at Basavakalyan in MVC No.154/2014. The appellan...

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Bombay High Court Partly Allows Insurance Company's Appeal Reducing Compensation in Motor Accident Claim Due to Lack of Income Proof. Deceased's income assessed notionally at Rs.15,000/- per month as documentary evidence was insufficient and not proved.

The appeal was filed by Cholamandalam MS General Insurance Co. Ltd. challenging the judgment and order dated 03.08.2015 passed by the Motor Accident C...