https://www.taxtmi.com/caselaws?id=350121 The Supreme Court standardised motor accident compensation under the Motor Vehicles Act by holding that future prospects must be added even where the deceased was self-employed or on a fixed salary, because just compensation requires a fair and consistent income assessment. It approved the Sarla Verma multiplier approach, affirmed ordinary deductions for personal and living expenses, and rejected reliance on the Second Schedule for modern computation of conventional heads. Fixed, reasonable sums were prescribed for loss of estate, consortium, and funeral expenses to promote uniformity and periodic enhancement. en-us Tue, 31 Oct 2017 00:00:00 +0530 Wed, 10 Jul 2024 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350121 The Supreme Court standardised motor accident compensation under the Motor Vehicles Act by holding that future prospects must be added even where the deceased was self-employed or on a fixed salary, because just compensation requires a fair and consistent income assessment. It approved the Sarla Verma multiplier approach, affirmed ordinary deductions for personal and living expenses, and rejected reliance on the Second Schedule for modern computation of conventional heads. Fixed, reasonable sums were prescribed for loss of estate, consortium, and funeral expenses to promote uniformity and periodic enhancement. Case-Laws Indian Laws Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350121