'Housing Loan Tax Deductions Cannot Reduce Motor Accident Compensation': Bombay HC Enhances Award By ₹17.58 Lakh

Mumbai, July 10: The Bombay High Court on Friday ruled that while determining compensation in motor accident cases, losses claimed under the Income Tax Act for a housing loan cannot be used to reduce the income of the deceased. The court said compensation under the Motor Vehicles Act (MV Act) must be based on the principle of "just compensation" and not on taxable income calculated under the Income Tax Act. Justice Jitendra Jain allowed an appeal filed by the family of Dr Bhupendra Kothadiya, a medical prac