Asso.prof.(commerce & Management)

Himachal Pradesh High Court in its order dated 25.10.2018 (copy attached) has held that compensation awarded under Motor Vehicles Act or Employees' Compensation Act in lieu of death of a person or bodily injury suffered in a vehicular accident, is a damage and not an income and cannot be treated as taxable income under Income Tax Act 1961.

From India, Malappuram

Attached Files
File Type: pdf HP High Court 25102018.pdf (333.3 KB, 27 views)

Learned member Mr.Agrawal's remarks is right. This is also extendable to compensation received from insurance Cos or the owners of vehicles/against claims made for injuries sustained in an accident involving vehicles, as both are similar excepting the paying authorities are different. I remember there is also SC judgment on this. Let me trace it and post here.
From India, Bangalore
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