Search Results for "notional income"

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Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Madras High Court Dismisses Second Appeal in Partition Suit — Concurrent Findi...
High Court of Bombay at Bombay Dismisses Insurance Company's Appeal in Motor Acc...
Bombay High Court Quashes Reassessment Notice Under Section 148 of Income Tax Ac...
High Court of Karnataka Allows EPF Organisation's Writ Petition for Priority Pay...

Search Results for "notional income"

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High Court

Bombay High Court Dismisses Appeal by Forest Development Corporation in Turnkey Plantation Income Tax Case — Income from Turnkey Plantation Contract Held Not Agricultural Income Under Section 2(1A) of Income Tax Act, 1961. The court upheld the splitting of income into two stages and affirmed that the dominant purpose was service, not agriculture.

3 Aug 2017

The appellant, The Forest Development Corporation of Maharashtra Limited, a government-owned company, filed an appeal under Section 260A of the Income...

High Court

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.

29 Oct 2025

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...

High Court

Bombay High Court Partly Allows MSRTC Appeal and Claimants' Cross-Objection in Motor Accident Claim — Future Prospects Applied to Deemed Income of Student Victim. Court holds that future prospects are applicable to notional income of a student pursuing professional course, and sets aside deduction for personal expenses of the deceased.

29 Oct 2025

The case arises from a motor accident claim petition filed by the parents and sister of a deceased student, Shivram Govind Wagh, who died in a road ac...

High Court

High Court of Karnataka Enhances Compensation for Minor Claimants in Motor Accident Cases — Notional Income Fixed at Rs. 15,000 per Month for Non-Earning Minors Under Motor Vehicles Act, 1988. The court applied the multiplier based on the age of the minor claimant, not the parents, and awarded compensation under multiple heads including pain and suffering, loss of amenities, and loss of expectation of life.

27 Sep 2024

The High Court of Karnataka disposed of three miscellaneous first appeals arising from motor accident claims filed by minor claimants. The appeals wer...

High Court

Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim — Negligence of Driver Established. The court upheld the award of compensation to the dependents of the deceased, finding that the insurance company failed to prove non-involvement of the vehicle under Section 166 of the Motor Vehicles Act, 1988.

12 Apr 2018

The case arises from a motor vehicle accident that occurred on 26th November 2012, when Sadanand Mule was traveling in his Maruti Omni vehicle from Ma...

Supreme Court

Supreme Court Allows Appeal in Motor Vehicle Accident Claim, Restoring Compensation Based on Income Tax Returns. Income Tax Returns and Audit Reports Held Reliable Evidence for Determining Loss of Income Under Section 168 of Motor Vehicles Act, 1988, Overturning High Court's Use of Notional Income.

30 Sep 2022

The Supreme Court heard a civil appeal arising from a motor vehicle accident claim. The deceased, a businessman aged above 31 years, died in a collisi...

High Court

Bombay High Court Dismisses Revenue Appeals in Transfer Pricing Adjustment Cases — Holds That Arm's Length Price Determination Must Be Based on Reliable Comparable Data and Functional Analysis. The Tribunal's deletion of adjustments was upheld as it correctly applied functional comparability and permissible adjustments under Section 92C of the Income Tax Act, 1961 and Rule 10B of the Income Tax Rules, 1962.

5 Dec 2014

The judgment involves a batch of appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961, challenging the orders of the Income Tax...

Supreme Court

Supreme Court Enhances Compensation for Mother of Deceased Engineering Student in Motor Accident Case — Notional Income Reassessed at ₹10,000 per Month with Future Prospects and Enhanced Conventional Heads. The court held that the notional income of a student cannot be equated to minimum wages and that future prospects of 40% apply even on notional income, following Joginder Singh v. ICICI Lombard.

12 May 2026

The present appeal arises from a motor accident claim filed by Appellants, mother of deceased Karan Pal Singh, a 22-year-old engineering student who d...

High Court

Gujarat High Court Allows Appeal for Enhancement of Compensation in Motor Accident Claim — Deceased Was Driving Motorcycle When Hit by Truck; Court Applies Multiplier of 14 and Adds 25% Future Prospects. The Court held that the Tribunal erred in applying multiplier of 13 instead of 14 and in not adding future prospects, enhancing compensation from Rs.3,53,200/- to Rs.7,02,400/- under Section 166 of the Motor Vehicles Act, 1988.

27 Mar 2026

The present appeal was filed by the original claimants under Section 173 of the Motor Vehicles Act, 1988, aggrieved by the judgment and award dated 19...

High Court

Bombay High Court Upholds Revenue in Income Tax Reference on HUF Income Assessment. Income from assets received on partition by a bachelor remains individual income even after marriage, as no HUF is created without blending.

9 Aug 2005

The case involves a reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal at the instance of the assessee, ...

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