Showing : 1-3 of 3 Results

SUPREME COURT OF INDIA
Year of decision: 2010
Details
Motor Vehicles Act, 1988, Section 166-- Accident - Compensation - Future prospects - Gross salary Rs.1.65 lacs - 50% added towards future prospects as deceased was less than 40 years of age - Deduction towards income-tax and surcharge 30% - 25% deducted towards personal and living expenses of the deceased - Contribution to family comes..........
SUPREME COURT OF INDIA
Year of decision: 2010
Details
Motor Vehicles Act, 1988, Section 166-- Accident - Compensation - Deduction towards Income-tax - Where the annual income is in the taxable range, appropriate deduction has to be made towards tax...........
SUPREME COURT OF INDIA
Year of decision: 2010
Details
Motor Vehicles Act, 1988, Section 166-- Accident - Compensation - Net income - Deductions towards GPF, life insurance premium, repayment of loans etc. not to be excluded from the income - Deduction towards income tax/surcharge alone should be considered to arrive at the net income of the deceased...........

Showing : 1-3 of 3 Results