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High Court of Gujarat Enhances Compensation in Motor Accident Claim Case — Applies Multiplier of 18 and Adds Future Prospects for Self-Employed Deceased. Claimants awarded Rs. 8,56,800/- with interest at 7.5% per annum under Section 166 of Motor Vehicles Act, 1988.

The present appeal under Section 173 of the Motor Vehicles Act, 1988, was filed by the original claimants, being the legal heirs of the deceased Shrav...

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Supreme Court Allows Revenue's Appeal in Income Tax Case on Bonus Shares - Averaging Original Cost Over All Shares. When Bonus Shares Rank Pari Passu, the Correct Method to Compute Profit or Loss is to Spread the Cost of Original Shares Over Both Original and Bonus Shares.

This case involved the method of computing profit or loss on the sale of bonus shares in the hands of a dealer in shares. The respondent, Gold Mohore ...

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Bombay High Court Allows Appeal in Motor Accident Claim - Compensation Enhanced for Death of Labourer Due to Wrong Multiplier. Multiplier of 18 applied instead of 12 under Motor Vehicles Act, 1988 for deceased aged 24 years earning Rs.1400 per month.

The appeal was filed by the claimants, the wife, minor children, and parents of deceased Kacharu Rathod, challenging the inadequacy of compensation aw...

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High Court of Karnataka Allows Claimants' Appeal for Enhanced Compensation in Motor Accident Claim — Deceased was a 37-year-old Software Engineer earning Rs. 15,000 per month; multiplier of 15 applied with 50% future prospects and Rs. 30,000 for loss of consortium.

The case arises from a motor accident claim petition filed by the legal representatives of the deceased, K.P. Sudhakaran, who died in a road accident ...

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Bombay High Court Partially Allows MSRTC Appeal and Claimants' Cross-Objection in Motor Accident Claim — Future Prospects Not Applicable to Deemed Income of Student. Notional Income of Deceased Student Determined at Rs. 10,000 Per Month with 40% Deduction for Personal Expenses.

The case arises from a motor accident claim petition filed by the parents and sister of a 20-year-old male student who died in a road accident. The de...