In a milestone ruling governing motor accident compensation claims, the Supreme Court of India has established authoritative guidelines on using Income Tax Returns (ITRs) to determine a victim’s annual income. A bench comprising Justice Sanjay Karol and Justice Nongmeikapam Kotiswar Singh held that there cannot be a uniform, rigid approach to calculating income under the
No Hard and Fast Formula for Assessing Income From ITRs in MACT Cases; Nature and Growth of Business Must Also Be Considered: Supreme Court
