If the dictionary meaning of the word income is taken to its logical conclusion, it should include those benefits, either in terms of money or otherwise, which are taken into consideration for the purpose of payment of income-tax or profession tax; although some elements thereof may or may not be taxable or would have been otherwise taxable but for the exemption conferred thereupon under the statute.
The purpose of granting pecuniary award of damages under the Motor Vehicle Act, 1988 is to provide to the dependents of the victim of motor accident a capital sum, if there had not been an accident by the careless act of the driver of a motor vehicle.
Type of Damages: Law contemplates two sets of damages: Pecuniary damages and non-pecuniary damages.
In case of simple injuries the compensation awarded is global compensation and no separate amount is awarded for medical expenses..
In case of grievous injury: Compensation for pain and suffering is to be remunerated by awarding for injuries or fractures of different bones.
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