In Brief
This case concerns computation of income and allowance for future prospects in awarding compensation following the death of a self-employed person. The Tribunal calculated monthly income at Rs. 1,46,618/-, while the High Court found only Rs. 59,250/-. The Supreme Court held that 25% enhancement for future prospects is permissible for a deceased aged 42 years. Resolving the substantial discrepancy between the lower authorities, the Court fixed total compensation at Rs. 75,00,000/- with 9% interest from the application date, adjusting for amounts already paid, to be deposited within three months.
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