THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S ORIENTAL POWER CABLES LTD.
ITA/105/2019HC Rajasthan08 Feb 2022
Bench: The Learned Tribunal On The Ground That Their Predecessor, Namely, Ananta Chakraborty Died In A Road Traffic Accident Due To Rash & Negligent Driving Of The Driver Of The Offending Vehicle Duly Insured Under Policy Of The Insurance Company.
Section 166Section 170
Section 171 of the M.V. Act.
Under the above observation, the award
passed
by
the
learned
tribunal
requires
modification.
Calculation of compensation
1. Annual Income
:Rs. 1,88,558/-
2. Add: 25% Future Prospects :Rs. 47,139/-
:Rs. 2,35,697/-
3. Less:1/3rd deduction
:Rs.78,565/-
:Rs. 1,57,132/-
4. Multiplier 13
:Rs.20,42,716/-
(Rs.1
