Motor Accident Claims: Supreme Court Lays Down Law on Using ITRs to Assess Victim's Income: Supreme Court

In a significant judgment aimed at bringing uniformity in motor accident compensation cases, the Supreme Court has laid down comprehensive guidelines for determining the annual income of deceased victims while calculating compensation under the Motor Vehicles Act, 1988. The Court clarified how Income Tax Returns (ITRs) should be considered for salaried employees and self-employed persons to ensure consistency in compensation awards across the country. Reason for Supreme Court Intervention The…