https://www.taxtmi.com/caselaws?id=444194 A Section 34 court will not interfere with an arbitral award where the tribunal's view is a plausible construction of the contract and contemporaneous records, even if another view is possible. The court upheld the tribunal's limitation of prolongation compensation to the period for which the contractor expressly reserved its claim, sustained rejection of claims on change in fastening design and abnormal quantity variation because they depended on contractual interpretation and evidence appreciation, and affirmed partial GST relief because the contract barred tax-based price adjustment beyond the employer's concession and the contractor failed to prove the input credit element. No patent illegality or perversity was shown. en-us Mon, 09 Oct 2023 00:00:00 +0530 Tue, 10 Oct 2023 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444194 A Section 34 court will not interfere with an arbitral award where the tribunal's view is a plausible construction of the contract and contemporaneous records, even if another view is possible. The court upheld the tribunal's limitation of prolongation compensation to the period for which the contractor expressly reserved its claim, sustained rejection of claims on change in fastening design and abnormal quantity variation because they depended on contractual interpretation and evidence appreciation, and affirmed partial GST relief because the contract barred tax-based price adjustment beyond the employer's concession and the contractor failed to prove the input credit element. No patent illegality or perversity was shown. Case-Laws Indian Laws Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444194