Quick Summary
The Supreme Court on Tuesday (6th Dec 2022) ruled that, while calculating annual income for grant of motor accident compensation, the courts can consider the Income Tax Return of the deceased. The bench of Justices Krishna Murari and Bela M. Trivedi was dealing with the appeal challenging the jud
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Yes, the Supreme Court has ruled that the Income Tax Return of a deceased individual can be considered when calculating annual income for motor accident compensation.
The ruling was made by the Supreme Court of India.
The deceased's ITR is important for accurately estimating their annual income and potential future earnings, which are key factors in determining the compensation amount.
Yes, the Supreme Court allowed the appeal and determined a significantly higher total compensation amount for the deceased's heirs, including interest.
Motor accident compensation claims are typically filed under Section 166 of the Motor Vehicles Act, 1988.
CAclubindia
