Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
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Arbitration award challenged u/s 34 of the Arbitration and Conciliation Act, 1996. Arbitrator allowed 3% of contract amount as on-site establishment expenses using Hudson's formula. High Court erred in setting aside award on grounds of non-payment of bills and lack of discussion on interest claim. Supreme Court held High Court's reasoning insufficient for interference u/s 37, restoring award. Pre-reference interest governed by substantive law, not solely Section 31(7)(a). Contract did not prohibit pre-reference interest, so High Court's interference unwarranted. Appeal disposed of, award upheld.
Arbitration award challenged u/s 34 of the Arbitration and Conciliation Act, 1996. Arbitrator allowed 3% of contract amount as on-site establishment expenses using Hudson's formula. High Court erred in setting aside award on grounds of non-payment of bills and lack of discussion on interest claim. Supreme Court held High Court's reasoning insufficient for interference u/s 37, restoring award. Pre-reference interest governed by substantive law, not solely Section 31(7)(a). Contract did not prohibit pre-reference interest, so High Court's interference unwarranted. Appeal disposed of, award upheld.
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