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Supreme Court Adjudicates Tax Treatment of Compensation for Partial Termination of Selling Agency under Income Tax Act, 1922. The Court considered whether the sum received by the assessee for termination of agency rights outside Hyderabad State constituted a capital receipt or revenue receipt.

Background: The case involved the income tax assessment of the respondent, a registered firm carrying on business as selling agents and distributors o...

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Supreme Court Dismisses Revenue’s Appeal, Holding Compensation for Partial Termination of Agency is Capital Receipt. Termination of Agency for Territory Outside Hyderabad State Results in Sterilisation of Capital Asset, Not Taxable as Business Income Under Indian Income-tax Act, 1922.

The dispute arose from the income tax assessment of Messrs. Vazir Sultan & Sons, a registered firm, for the assessment year 1951-52. The firm was appo...

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"Landowners Challenge MIDC Over Land Classification and Compensation" "Petitioners demand reclassification and enhanced compensation for perennially-irrigated land."

The case involves a writ petition filed by Hiraman Yashwant Kathe and others challenging the decision of the Maharashtra Industrial Development Corpor...

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High Court of Karnataka Allows Enhancement of Compensation in Motor Accident Claim — Deduction of Insurance Premium from Compensation Set Aside. Claimants entitled to full compensation without deduction of premium paid by employer under group insurance scheme.

The claimants, mother, father, and brother of the deceased Sagar N, filed an appeal under Section 173(1) of the Motor Vehicles Act, 1988, against the ...

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ARBITRATION PETITION NO. 4 OF 1986

The petition filed under sections 30 and 33 of the Arbitration Act, 1940, sought to challenge an interim award and certain directions issued by the so...

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High Court of Karnataka Allows Appeal for Enhancement of Compensation in Motor Vehicle Accident Case — Multiplier Corrected from 15 to 16 and Future Prospects Added at 50%. Parents of Deceased Software Engineer Awarded Enhanced Compensation of Rs.25,51,500/- Under Motor Vehicles Act, 1988.

The present appeal was filed by the parents of a deceased 35-year-old software engineer who died in a motor vehicle accident. The appellants sought en...

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High Court of Karnataka Partly Allows Appeal by BMTC in Motor Accident Claim, Reduces Compensation Due to Multiplier Error. Tribunal's Use of Multiplier '18' for Deceased Aged 30 Years Held Incorrect; Proper Multiplier is '17' Under Sarla Verma Guidelines.

The appellant, Managing Director of Motor Claims Hub, BMTC, challenged the judgment and award dated 01.01.2022 passed by the XIV Additional Small Caus...

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High Court of Karnataka Dismisses Insurance Appeals in Motor Accident and Workmen Compensation Cases — Upholds Awards for Injured Driver and Deceased Worker's Dependents. Insurer's Liability Affirmed Despite Alleged Policy Violations and Lack of Driving License.

The High Court of Karnataka at Dharwad disposed of a batch of miscellaneous first appeals filed by insurance companies against awards of compensation ...