Insureds Declared Value (IDV), the vehicle will be
considered to be constructive total loss, where the aggregate cost of retrieval
and/or repair ... extracted hereunder:-
The insured vehicle shall be treated as CTL (Constructive Total Loss)
if the aggregate cost of retrieval and/or repair of the vehicle
treated as constructive total loss if the loss exceeds 75% of the IDV. The Surveyor deputed by the company had not agreed for repairs ... insurance will treat the vehicle on constructive total loss if the loss exceeds 75% of the IDV. He pointed out that
gave the report Ex.R-6 and calculated the
amount of total loss as Rs.22,75,900/-, but later on after making various
deductions ... wise depreciation as shown below is
applicable for the purpose of Total Loss/ Constructive Total Loss
(TL/ CTL) claims only. A vehicle will be considered
without any further depreciation, for the purpose of Total
Loss(TL)/Constructive Total Loss(CTL) claims. When the final estimate on
repair basis ... vehicle would be considered to be a case of CTL
(Constructive Total Loss), where the aggregate cost of retrieval and/or repair,
subject
Insurance Company
admitting the incident of capsizing the barge observing total constructive loss
of the barge for `49,50,000/-. Surveyor also estimated scrap value
terms of the Insurance policy. The total constructive loss is defined as the aggregate cost of removal and/or repair of
the vehicle subject ... surveyor
in total is that loss could not be considered under constructive total loss and
the loss to be assessed on repair basis
vehicle. The loss or damage to a vehicle can be assessed on repair basis, on total loss basis or on salvage loss basis ... damage to a vehicle is treated on constructive total loss basis if the aggregate cost of repair of the vehicle exceeds 75% of the insured
losses in financial year 2009-2010 and apart from the
profit of Rs.1,45,00,000/-, total amount was admitted.
However, assessee filed return ... Business loss after interest
and depreciation - (-) Rs. 49,61,510 (+) 22,97,077
Addition offered Rs. 70,00,000 ----
--------------------------- ----------------------
Total
flat, he had to incur expenses towards rent and to suffer financial loss.
But nothing is on record to substantiate the same. However considering ... Clifford Block No.2 to be constructed by the opposite party. As
per Ext.B4, the total cost of construction of the flat
with the view of revenue that addition is to
be made in total income, if some expenditure
were found not allowable. The correct procedure ... decision of ITAT
Hyderabad in the case of M/s. Narne Constructions Pvt. Ltd. in
ITA Nos. 1462 & 1463/Hyd/2011 dated 25.01.2012 where
