2024 (1) TMI 1079

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..... ingh Gaharwar (Owner)
Income Tax
2024 (1) TMI 1079 - MADHYA PRADESH HIGH COURT - TMI
MADHYA PRADESH HIGH COURT - HC
Dated:- 2-1-2024
Misc. Civil Case No. 366 of 2023 - -
Income Tax
Hon'ble Shri Justice Vivek Agarwal For the Applicant : Shri Gulab Chand Sohane - Advocate For the Respondents : Shri Ram Saran Rathore - Advocate ORDER This MCC is filed by the Insurance Com .....

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..... rofessional Tax is to be deducted, so also amount exempted under Section 80(c) of the Income Tax Act are to be exempted. Thus, out of Rs. 6,38,400/- deduction is to be of Rs. 50,000/- towards standard deduction. Another sum of Rs. 72,000/- will be deducted under Section 80(c) of the Income Tax Act on account of monthly contribution of Rs. 6000/- per month towards GPF and thereafter Professional Ta .....

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..... mpensation comes out to Rs. 48,33,414/- against a sum of Rs. 46,24,119/-. Thus, there will be enhancement to the tune of Rs. 2,09,295/- under the head of pecuniary compensation which will be admissible in favour of the claimants and not Rs. 4,83,174/- awarded by this Court. Thus, there being a mistake of computation of future prospects twice, there will be reduction and actual enhancement will c .....

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