https://www.taxtmi.com/caselaws?id=174102 The Court dismissed the petition filed by GNCTD, upholding the arbitral award that held the petitioner liable to reimburse the respondent-contractor for service tax imposed after the bid submission date. The Court found the Arbitrator's interpretation of the contractual terms and applicable law reasonable, emphasizing its limited scope in reviewing arbitral awards under Section 34 of the Arbitration & Conciliation Act, 1996. The decision distinguished this case from precedent where contracts explicitly precluded rate escalation, affirming the respondent's entitlement to reimbursement for the service tax. en-us Mon, 19 Sep 2011 00:00:00 +0530 Wed, 30 Sep 2015 11:11:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174102 The Court dismissed the petition filed by GNCTD, upholding the arbitral award that held the petitioner liable to reimburse the respondent-contractor for service tax imposed after the bid submission date. The Court found the Arbitrator's interpretation of the contractual terms and applicable law reasonable, emphasizing its limited scope in reviewing arbitral awards under Section 34 of the Arbitration & Conciliation Act, 1996. The decision distinguished this case from precedent where contracts explicitly precluded rate escalation, affirming the respondent's entitlement to reimbursement for the service tax. Case-Laws Indian Laws Mon, 19 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174102