https://www.taxtmi.com/highlights?id=79097 The High Court addressed the determination of compensation following a motor vehicular accident. The Court considered the deceased's annual income based on previous three years of Income Tax Returns, adjusting it to Rs. 1,76,496. Additionally, an amount of Rs. 60,000 from heavy goods vehicles was added. The Court rejected the Insurance Company's plea of policy violation due to lack of evidence. The total compensation, after adjustments, was fixed at Rs. 30,88,592 along with 7% interest. The Court directed the Insurance Company to deposit the sum within eight weeks for disbursement to the claimants, modifying the previous award. en-us Thu, 04 Jul 2024 08:14:41 +0530 Thu, 04 Jul 2024 08:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79097 The High Court addressed the determination of compensation following a motor vehicular accident. The Court considered the deceased's annual income based on previous three years of Income Tax Returns, adjusting it to Rs. 1,76,496. Additionally, an amount of Rs. 60,000 from heavy goods vehicles was added. The Court rejected the Insurance Company's plea of policy violation due to lack of evidence. The total compensation, after adjustments, was fixed at Rs. 30,88,592 along with 7% interest. The Court directed the Insurance Company to deposit the sum within eight weeks for disbursement to the claimants, modifying the previous award. Highlights Indian Laws Thu, 04 Jul 2024 08:14:41 +0530 https://www.taxtmi.com/highlights?id=79097