Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
SC allowed the appeal and, exercising jurisdiction under Art.142, declined to set aside the arbitral award; instead the Court validated the impugned sale deeds to avoid relitigation and third-party prejudice. The Company (Appellant) was penalized by forfeiture of security deposits of Rs.6.82 crores and directed to pay Rs.3.18 crores to the Respondents for completion works, aggregating Rs.10 crores. The Court held that delay in pronouncement alone does not automatically vitiate an award, but an unexplained undue delay that adversely affects tribunal findings can render an award contrary to public policy and patently illegal under s.34(2)(b)(ii)/s.34(2A), permitting interference. Parties anonymized.
SC allowed the appeal and, exercising jurisdiction under Art.142, declined to set aside the arbitral award; instead the Court validated the impugned sale deeds to avoid relitigation and third-party prejudice. The Company (Appellant) was penalized by forfeiture of security deposits of Rs.6.82 crores and directed to pay Rs.3.18 crores to the Respondents for completion works, aggregating Rs.10 crores. The Court held that delay in pronouncement alone does not automatically vitiate an award, but an unexplained undue delay that adversely affects tribunal findings can render an award contrary to public policy and patently illegal under s.34(2)(b)(ii)/s.34(2A), permitting interference. Parties anonymized.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
