https://www.taxtmi.com/highlights?id=79520 Impugned award unaffected by fraud or corruption; Arbitral Tribunal considered materials and submissions; no case made out regarding fraud in passing award. Parties contemplated GST implementation in Share Purchase Agreement; incentives payable only to extent tax accrued to State Government. Withdrawal of exemption notification pursuant to statutory mandate under CGST Act; legislature incorporated proviso allowing rescission of tax exemption incentives. Claim of estoppel rejected. Petitioners failed to make out prima facie case for unconditional stay; directed to secure awarded amount - 50% by transfer, 50% by bank guarantee within six weeks. en-us Thu, 18 Jul 2024 07:24:02 +0530 Thu, 18 Jul 2024 07:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79520 Impugned award unaffected by fraud or corruption; Arbitral Tribunal considered materials and submissions; no case made out regarding fraud in passing award. Parties contemplated GST implementation in Share Purchase Agreement; incentives payable only to extent tax accrued to State Government. Withdrawal of exemption notification pursuant to statutory mandate under CGST Act; legislature incorporated proviso allowing rescission of tax exemption incentives. Claim of estoppel rejected. Petitioners failed to make out prima facie case for unconditional stay; directed to secure awarded amount - 50% by transfer, 50% by bank guarantee within six weeks. Highlights GST Thu, 18 Jul 2024 07:24:02 +0530 https://www.taxtmi.com/highlights?id=79520