applying the
multiplier of 18 on the notional income of ₹15,000/- p.a. as specified
in the second schedule ... financial loss calculated on the basis of
notional income of ₹30,000/- with multiplier of 17, reducing it to
₹1,80,000/-, observing as under
whether in case of
assessment of the notional income of a housewife, 1/3rd amount
is to be deducted to arrive at the figure ... with the aid of multiplier, 1/3rd amount out of the notional
income of `3,000/- was deducted and the dependency was assessed
motorcycle’s driver viz., Sunil Gurum. The Tribunal,
considering notional income of the deceased at
Rs.15,000/- per annum, by applying multiplier ‘15’,
awarded ... Motor Vehicles Act, 1988. It is
submitted that the notional income of Rs.15,000/- was
fixed as early as in the year
High Court concurred with these contentions and
consequently reduced the notional income for both deceased by
adopting the lowest minimum wage applicable for unskilled workers ... such future prospects ought to be allowed for those with notional
income, is both incorrect in law6 and without merit considering the
constant inflationinduced
earning" and then only the assumption of notional income under Clause 6 of the Schedule can be invoked. This approach is obviously incorrect ... notional income assumed. For the surviving spouse of such a person only one third of the income can be assumed notionally. This is perverse
actually started to earn the Tribunal fixed
their monthly income notionally at 12,000/- and thereafter taking into
consideration of the fact that they ... start earning any income. The question to be considered is
whether after fixing the monthly income notionally an increase on the
same is permissible reckoning
income proof of injured as such the factor of notional income will apply. The multiplier of 16 will apply. The percentage of disability ... LINES FOR COMPENSATION ON ELECTROCUTION
FAULT LIABILITY
A-Fatal Accident
1. Notional Income (N.I.) of victim shall be taken in to consideration
income and the total income for the purpose of this section is not merely the actual income of the assessee but also any notional income ... income itself. In fact there is no income, but sub-section (2) introduces a legal fiction and makes a non-existent income, income
particulars of income of
Rs.68,26,952/-.
10. Aggrieved, the assessee carried the matter in appeal before the CIT(A).
The CIT(A) after ... withdrawal of the notional income of the villa from the scope of his
income taxable in India. Still further, the CIT(A) also observed that
from the State Govt. Other income has been
specified under Regulation 32 as income from investments,
other non-tariff income from the levy of charges ... provide for non tariff income
to be deducted from the ARR. However, the non-tariff
income does not specify notional income on the consumer
security
