https://www.taxtmi.com/caselaws?id=765526 In motor accident death claims, compensation under the Motor Vehicles Act must remain just, fair, reasonable, and equitable, and appellate interference with the Tribunal's assessment is justified only where the award is arbitrary or exorbitant. The Tribunal had assessed the deceased parents' income on material including income tax returns, future prospects, and the family's role in the business. The Supreme Court held that mere continuation of the family business by the claimants did not, by itself, negate pecuniary loss or justify a drastic reduction in compensation. The High Court's reduction was therefore inconsistent with settled principles, and the Tribunal's award was restored. en-us Wed, 29 Jan 2025 00:00:00 +0530 Mon, 03 Feb 2025 08:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765526 In motor accident death claims, compensation under the Motor Vehicles Act must remain just, fair, reasonable, and equitable, and appellate interference with the Tribunal's assessment is justified only where the award is arbitrary or exorbitant. The Tribunal had assessed the deceased parents' income on material including income tax returns, future prospects, and the family's role in the business. The Supreme Court held that mere continuation of the family business by the claimants did not, by itself, negate pecuniary loss or justify a drastic reduction in compensation. The High Court's reduction was therefore inconsistent with settled principles, and the Tribunal's award was restored. Case-Laws Indian Laws Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765526