https://www.taxtmi.com/caselaws?id=437617 Section 34 interference with an arbitral award remains narrow and is confined to patent illegality, perversity, and public policy grounds. The Court held that it cannot reappreciate evidence or substitute its view where the tribunal has taken a plausible contractual interpretation. Accepting the tribunal's reading of Clause 14 and related terms, the Court found that reimbursement of taxes and duties at actual extended to Bought Out Products as well as contractor-manufactured goods. The tribunal's treatment of reimbursement payments, limitation, and the contractual record disclosed no illegality or perversity, so the challenge failed and the award was upheld. en-us Mon, 06 Feb 2023 00:00:00 +0530 Wed, 10 May 2023 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437617 Section 34 interference with an arbitral award remains narrow and is confined to patent illegality, perversity, and public policy grounds. The Court held that it cannot reappreciate evidence or substitute its view where the tribunal has taken a plausible contractual interpretation. Accepting the tribunal's reading of Clause 14 and related terms, the Court found that reimbursement of taxes and duties at actual extended to Bought Out Products as well as contractor-manufactured goods. The tribunal's treatment of reimbursement payments, limitation, and the contractual record disclosed no illegality or perversity, so the challenge failed and the award was upheld. Case-Laws Indian Laws Mon, 06 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437617