RASHMIREKHA TRIPATHY AND ANR. versus THE BRANCH MANAGER (LEGAL CLAIMS), SRIRAM GENERAL INSURANCE COMPANY LIMITED AND ORS.
The Supreme Court held that income assessment under the Motor Vehicles Act depends on the claimant’s employment type, fixing a self-employed deceased’s income at Rs.14 lakh and modifying compensation.
- Assessment of annual income
- Income tax returns
- Self-employed deceased
- Just and fair compensation
- Multiplier method
- Future prospects