https://www.taxtmi.com/caselaws?id=770033 Section 34 of the Arbitration and Conciliation Act, 1996 permits only limited judicial review; a court will not reappreciate evidence or replace a plausible contractual interpretation adopted by the tribunal. The commentary explains that where an arbitral tribunal reads a GST clause as covering differential GST, interest, penalty and legal costs, that construction will ordinarily stand if it is consistent with the contract and evidence. It also notes that the grant of interest, including on a security deposit, lies within the tribunal's discretion under Section 31(7) unless patent illegality, perversity or excess of jurisdiction is shown. The stated result is that such objections are unlikely to justify interference where the award is legally sustainable. en-us Wed, 30 Apr 2025 00:00:00 +0530 Mon, 05 May 2025 08:37:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770033 Section 34 of the Arbitration and Conciliation Act, 1996 permits only limited judicial review; a court will not reappreciate evidence or replace a plausible contractual interpretation adopted by the tribunal. The commentary explains that where an arbitral tribunal reads a GST clause as covering differential GST, interest, penalty and legal costs, that construction will ordinarily stand if it is consistent with the contract and evidence. It also notes that the grant of interest, including on a security deposit, lies within the tribunal's discretion under Section 31(7) unless patent illegality, perversity or excess of jurisdiction is shown. The stated result is that such objections are unlikely to justify interference where the award is legally sustainable. Case-Laws GST Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770033