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    <title>2015 (3) TMI 1454 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=467252</link>
    <description>For motor accident compensation, the Court held that just compensation must be based on the more reliable proved income of the deceased rather than mechanically averaging fluctuating returns across assessment years. It further ruled that conventional heads, including consortium, loss of love and affection, funeral expenses, and loss of estate, required substantial enhancement to meet the statutory standard of fair and reasonable compensation under the Motor Vehicles Act. While the age of the deceased and the multiplier were maintained, the multiplicand and conventional damages were reassessed, resulting in an enhanced award in favour of the claimants. One judge concurred in the enhancement but noted that future prospects for self-employed persons remained unsettled and warranted larger Bench consideration.</description>
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    <pubDate>Fri, 13 Mar 2015 00:00:00 +0530</pubDate>
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      <title>2015 (3) TMI 1454 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=467252</link>
      <description>For motor accident compensation, the Court held that just compensation must be based on the more reliable proved income of the deceased rather than mechanically averaging fluctuating returns across assessment years. It further ruled that conventional heads, including consortium, loss of love and affection, funeral expenses, and loss of estate, required substantial enhancement to meet the statutory standard of fair and reasonable compensation under the Motor Vehicles Act. While the age of the deceased and the multiplier were maintained, the multiplicand and conventional damages were reassessed, resulting in an enhanced award in favour of the claimants. One judge concurred in the enhancement but noted that future prospects for self-employed persons remained unsettled and warranted larger Bench consideration.</description>
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      <pubDate>Fri, 13 Mar 2015 00:00:00 +0530</pubDate>
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