Setback to Oriental Insurance Company: Calcutta HC upholds MACT Compensation Assessment after Statutory Deduction of ITR [Read Order]

Oriental - Insurance - Company - Calcutta - HC - MACT - ITR - TAXSCAN

In a major setback to the Oriental Insurance Company Limited, the appellant, a Single Bench of the Calcutta High Court upheld Motor Accidents Claims Tribunal (MACT) compensation assessment after statutory deduction of Income Tax Return (ITR). The claim petition under Section 166 of the Motor Vehicles Act was filed, on account of death of Vinay…

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