Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Diagnostic microcuvette classification follows sole-use analytical function, placing specialised disposable cuvettes with their analyser rather than g...
The HC adjudicated a dispute concerning GST rate changes and contractual variation clauses. The court found that the Arbitral Tribunal misinterpreted contractual provisions regarding Input Tax Credit (ITC) and statutory variation clauses. The arbitral award was set aside due to misapplication of contract terms, disregard of GST regime principles, and failure to provide reasoned justification. The HC held that the employer was contractually obligated to reimburse the full GST amount, particularly given the unexpected GST rate increase from 5% to 12%. The court emphasized that state instrumentalities cannot adopt arbitrary approaches in contract interpretation. Consequently, the petition was allowed, and the impugned arbitral award was set aside.
The HC adjudicated a dispute concerning GST rate changes and contractual variation clauses. The court found that the Arbitral Tribunal misinterpreted contractual provisions regarding Input Tax Credit (ITC) and statutory variation clauses. The arbitral award was set aside due to misapplication of contract terms, disregard of GST regime principles, and failure to provide reasoned justification. The HC held that the employer was contractually obligated to reimburse the full GST amount, particularly given the unexpected GST rate increase from 5% to 12%. The court emphasized that state instrumentalities cannot adopt arbitrary approaches in contract interpretation. Consequently, the petition was allowed, and the impugned arbitral award was set aside.
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TaxTMI 
TaxTMI 
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