https://www.taxtmi.com/caselaws?id=760535 Delhi HC dismissed petition challenging nil arbitral award regarding service tax liability dispute. Petitioners sought declaration on future tax liability and damages for defending service tax assessment order of Rs. 9.68 crores, which they successfully challenged before CESTAT. Court held arbitral tribunal correctly awarded nil compensation as parties specifically agreed no service tax was leviable on agreement. Petitioners could not establish contractual clause making respondent liable for wrongly imposed tax demands or associated defense costs. Arbitration costs also not recoverable as proceedings initiated by petitioners, not respondent. No patent illegality found warranting interference under Section 34 of Arbitration Act. en-us Mon, 21 Oct 2024 00:00:00 +0530 Wed, 23 Oct 2024 08:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760535 Delhi HC dismissed petition challenging nil arbitral award regarding service tax liability dispute. Petitioners sought declaration on future tax liability and damages for defending service tax assessment order of Rs. 9.68 crores, which they successfully challenged before CESTAT. Court held arbitral tribunal correctly awarded nil compensation as parties specifically agreed no service tax was leviable on agreement. Petitioners could not establish contractual clause making respondent liable for wrongly imposed tax demands or associated defense costs. Arbitration costs also not recoverable as proceedings initiated by petitioners, not respondent. No patent illegality found warranting interference under Section 34 of Arbitration Act. Case-Laws Service Tax Mon, 21 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760535