Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The court held that it can only set aside an arbitral award on the ground of patent illegality appearing on its face that shocks the judicial conscience, going to the root of the matter. Mere erroneous application of law or reappreciation of evidence is impermissible. While the 2015 amendment expanded the scope of violating public policy, the court cannot interfere with the award merely because another reasonable conclusion is possible from the merits. Finding the arbitrator's award correct and in accordance with law, the petition was dismissed.
The court held that it can only set aside an arbitral award on the ground of patent illegality appearing on its face that shocks the judicial conscience, going to the root of the matter. Mere erroneous application of law or reappreciation of evidence is impermissible. While the 2015 amendment expanded the scope of violating public policy, the court cannot interfere with the award merely because another reasonable conclusion is possible from the merits. Finding the arbitrator's award correct and in accordance with law, the petition was dismissed.
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TaxTMI 
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