https://www.taxtmi.com/caselaws?id=460545 The HC ruled that the initial compensation awarded by the Tribunal was inadequate and increased it from Rs. 2,16,000 to Rs. 4,16,000, with interest at 9% per annum. The Court found the Tribunal's deduction of Rs. 2,00,000 for Life Insurance proceeds unjustified, aligning with the precedent that such proceeds should not be deducted as they do not arise from the accident. The deceased's income for loss of dependency was recalculated to include both remuneration and a portion of partnership profits attributable to his efforts, resulting in a total loss of dependency of Rs. 3,96,000. en-us Thu, 06 Jul 2000 00:00:00 +0530 Fri, 31 Jan 2025 12:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460545 The HC ruled that the initial compensation awarded by the Tribunal was inadequate and increased it from Rs. 2,16,000 to Rs. 4,16,000, with interest at 9% per annum. The Court found the Tribunal's deduction of Rs. 2,00,000 for Life Insurance proceeds unjustified, aligning with the precedent that such proceeds should not be deducted as they do not arise from the accident. The deceased's income for loss of dependency was recalculated to include both remuneration and a portion of partnership profits attributable to his efforts, resulting in a total loss of dependency of Rs. 3,96,000. Case-Laws Indian Laws Thu, 06 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460545