Compensation duly assessed taking annual income after statutory deduction in terms of ITR

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...