Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Arbitral award does not conflict with public policy of India or vitiate by patent illegality. Gita Power justifiably subjected to arbitration and jointly liable with OPG. Enexio's claim indivisible, limitation governed by Article 55 not Articles 14, 18 and 113. Claim matured on 19 March 2016, limitation extended by acknowledgment on 19 April 2018 u/s 18. Counterclaims except gear boxes/fan modules within limitation. Rejection of prayer to declare debit notes invalid had no adverse impact. No palpable error in award to term 'patently illegal' or in conflict with public policy. Division Bench rightly set aside Single Judge order restoring arbitral award. Appeal dismissed.
Arbitral award does not conflict with public policy of India or vitiate by patent illegality. Gita Power justifiably subjected to arbitration and jointly liable with OPG. Enexio's claim indivisible, limitation governed by Article 55 not Articles 14, 18 and 113. Claim matured on 19 March 2016, limitation extended by acknowledgment on 19 April 2018 u/s 18. Counterclaims except gear boxes/fan modules within limitation. Rejection of prayer to declare debit notes invalid had no adverse impact. No palpable error in award to term 'patently illegal' or in conflict with public policy. Division Bench rightly set aside Single Judge order restoring arbitral award. Appeal dismissed.
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