2013 (10) TMI 1406

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....a, Advs. For the Respondent: Mr. Sandeep Sharma & Mr Vikas Sharma, Advs. RAJIV SHAKDHER, J 1. In the captioned petitions, the issues involved are common. The first issue relates to compensation for additional cost on account of increase in the rate of service tax on insurance premium under the insurance policy taken qua the project in issue. The second issue also involves compensation tow....

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....contractor, other than under the preceding Sub-Clause, in the execution of the Contract, such additional or reduced cost shall, after due consultation with the Employer and the contractor, be determined by the Engineer and shall be added to or deducted from the Contract Price and the Engineer shall notify the Contactor accordingly, with a copy to the Employer. Notwithstanding the foregoing, such a....

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....agraph 3.3 of the award passed in OMP No. 623/2013. Similarly, there was an increase in the rate of service tax on bank charges from 10.2% to 12.24% in 2006, and thereafter followed by further increase. This aspect is referred to in paragraph 7.5 of the very same award dated 28.02.2013 passed in OMP No. 623/2013. These basic facts are not disputed by the counsels for the parties. 4. Learned cou....