Case Law Analysis
|Karnataka High Court
Notional Income for Agriculturists Set at Rs.15,000/month under MV Act | Loss of Dependency Calculation Upheld : Karnataka HC
The Karnataka High Court has set a binding notional monthly income of Rs.15,000 for deceased agriculturists in motor accident compensation cases, overriding lower tribunal estimates that undervalued their earning capacity. This ruling ensures fair dependency claims for rural families and mandates 6% interest from the petition date with a 9% penalty for delayed payments, reinforcing the Motor Vehicles Act’s compensatory intent.