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Date: 2025.05.27 12:34:41+05'30'
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under 23 (4) and 29 A of the Arbitration and Conciliation Act, 1996 , Section
12 A of the Commercial Courts Act, 2015 and provisos
arbitration proceedings and the orders passed therein. As
recorded by the learned Tribunal in paragraph 12 of the impugned order,
Arbitration Petition ... 2023 had already been instituted under Sections
11(5) , 11(9) , and 11(12)(a) of the Arbitration and Conciliation Act, 1996 before
u/s 263 , setting aside the original
assessment order u/s 143(3) , directing for fresh assessment.
Thereafter, the assessment was completed ... made by A.O. and findings thereof:
1. Exemption claimed u/s 10A for arbitration award i.e. Rs.43,49,83,092/-
withdrawn
Assessee
enforceable as a decree under Section 36 of the Arbitration and Conciliation
Act, 1996 as the 12-year limitation period for execution under Article ... confirmed. The
relevant para No. 12 & 13 of this judgment reads as under: -
"12. As per Section 238, the I & B Code
Award dated 12/8/2022 submitted 17/8/2022 in Arbitration Case No.
14/GH/DR/ARB/2020-21
12) As per Section ... Award dated
12/8/2022 Arbitration Case No.14/GH/DR/ARB/2020-21.
15) Kindly provide the applicant with all the reasons