https://www.taxtmi.com/caselaws?id=462159 Income tax returns may be used as the primary basis for determining the deceased's annual income in motor accident compensation where reliable return evidence is available, rather than unproven estimates from other materials. Depreciation shown in the return cannot be added as income because it is a deduction for asset decline and not an earnings accretion. A prepaid licence fee reflected in the balance sheet may, on the facts, be treated as augmenting annual income and included in the computation. Compensation is then recalculated by applying future prospects, deduction for personal expenses, the appropriate multiplier, and conventional heads, resulting in an enhanced award. en-us Mon, 09 Dec 2019 00:00:00 +0530 Thu, 29 May 2025 19:31:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462159 Income tax returns may be used as the primary basis for determining the deceased's annual income in motor accident compensation where reliable return evidence is available, rather than unproven estimates from other materials. Depreciation shown in the return cannot be added as income because it is a deduction for asset decline and not an earnings accretion. A prepaid licence fee reflected in the balance sheet may, on the facts, be treated as augmenting annual income and included in the computation. Compensation is then recalculated by applying future prospects, deduction for personal expenses, the appropriate multiplier, and conventional heads, resulting in an enhanced award. Case-Laws Indian Laws Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462159