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Compensation duly assessed taking annual income after statutory deduction in terms of ITR
Case Law Details
- Case Name
- The Oriental Insurance Company Limited Vs Rupa Agarwal &
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 10/01/2022
- Courts
- All High Courts, Calcutta High Court
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The Oriental Insurance Company Limited Vs Rupa Agarwal & Ors. (Calcutta High Court)
Calcutta High Court held that compensation of Rs. 11,32,956/- duly assessed taking the annual income of Rs. 2,63,584/- after statutory deduction in terms of Income Tax Return.
Facts- The claim petition u/s. 166 of the Motor Vehicles Act was filed, on account of death of Vinay Kumar Agarwal in a motor accident on 16.04.2004 while he was travelling by a scooter as pillion rider and was knocked down by the vehicle (Tipper) as a result, he died. At the time of death deceased was aged about 56 years having incom...
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