https://www.taxtmi.com/caselaws?id=794755 Income-tax returns are relevant evidence in motor accident compensation, but there is no rigid formula for assessing the deceased's annual income under the Motor Vehicles Act, 1988. For salaried persons, the preceding year's return will ordinarily suffice, subject to corroboration where a promotion or similar change is shown. For self-employed persons and business owners, income may fluctuate, so the average of up to the previous three years' returns should ordinarily be used, along with the nature of the business, growth pattern, potential growth, initial losses, and the impact of death on the business. en-us Wed, 01 Jul 2026 00:00:00 +0530 Sat, 11 Jul 2026 08:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794755 Income-tax returns are relevant evidence in motor accident compensation, but there is no rigid formula for assessing the deceased's annual income under the Motor Vehicles Act, 1988. For salaried persons, the preceding year's return will ordinarily suffice, subject to corroboration where a promotion or similar change is shown. For self-employed persons and business owners, income may fluctuate, so the average of up to the previous three years' returns should ordinarily be used, along with the nature of the business, growth pattern, potential growth, initial losses, and the impact of death on the business. Case-Laws Indian Laws Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794755