The Supreme Court, following Reliance General Insurance v. Shashi Sharma, held that compassionate financial assistance under the Haryana Rules of 2006 — which replicates the deceased employee's pay and wages — must be deducted from the loss-of-income component of a Motor Vehicles Act dependency award, because allowing both would be an impermissible double benefit. Genuinely collateral receipts such as life insurance and family pension remain non-deductible under Helen C. Rebello.
The Kerala High Court held that a Section 54F deduction does not require the sale consideration itself to be invested in the new house — borrowed funds used to build it can qualify. The relief, however, is not automatic: the assessee must satisfy the authority of a genuine intention to repay the borrowings out of the capital gains. A digest of the facts, the writ relief on a Capital Gain SB Account, and what it means in practice.