High Court of Bombay Dismisses Petition Challenging Arbitral Award on Service Tax Liability as Statutory Variation. The court held that the Arbitrator's interpretation of GCC clause 70.2, treating service tax imposed by Finance Act, 2005 as a statutory variation, was plausible and not contrary to public policy under Section 34 of the Arbitration and Conciliation Act, 1996.
14 Jan 2011The Petitioner, Hindustan Petroleum Corporation Ltd., floated a public tender on 18 March 2005 for construction and laying of a pipeline from Mundra t...




