https://www.taxtmi.com/news?id=31903 The Supreme Court found that the Motor Accidents Claims Tribunal's compensation awards to the daughters of parents killed by an uninsured bus were well-reasoned and supported by income-tax returns, and that the high court had unjustifiably reduced those awards. It held that heirs' continued operation of the parents' business does not eliminate the financial loss from the deaths, though lack of experience in running the business is a relevant factor when assessing future income. The court set aside the high court order, restored the tribunal awards, and directed the insurer to pay outstanding amounts after deducting prior payments. en-us Wed, 29 Jan 2025 20:46:03 +0530 Wed, 29 Jan 2025 20:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31903 The Supreme Court found that the Motor Accidents Claims Tribunal's compensation awards to the daughters of parents killed by an uninsured bus were well-reasoned and supported by income-tax returns, and that the high court had unjustifiably reduced those awards. It held that heirs' continued operation of the parents' business does not eliminate the financial loss from the deaths, though lack of experience in running the business is a relevant factor when assessing future income. The court set aside the high court order, restored the tribunal awards, and directed the insurer to pay outstanding amounts after deducting prior payments. News - Wed, 29 Jan 2025 20:46:03 +0530 https://www.taxtmi.com/news?id=31903