contractor; that the contractor claimed additional amounts by relying on
the price variation clause in said contract; that such additional amount
was claimed towards material ... crores
towards material and labour based on price variation clause in said
contract became the bone of contention between contractor and IIT; that
been contested in the court of law.
The Award also incorporated price variation which was
not even asked for in the original letter ... meantime, price of materials, labour has gone up. Therefore, it is
requested that the time extension without penalty and with price
variation on material
Disallowance of Foreign Exchange Rate Variation (FERV) on
Material Import and Price Variation;
c) Disallowance of various capital cost components;
d) Considering Outstanding Delayed Payment ... Disallowance of Foreign Exchange Rate Variation
(FERV) on Material Import and Price Variation
5. Learned senior counsel for the Appellant has alleged that the State
variation
exceeds 20% of the basic prices of the
materials, then the price variation shall be
applicable during the currency of the
contract. No price ... clear that, variation
exceeds 20% of the basic price of materials then
price variation shall be applicable during the
currency of the contract
respect of the LTCG claim of the assessee, wherein question regarding price variation of Rs
15/- to Rs 565/- per share ... cites the investigation report and had raised the query
regarding price variation from Rs.15 to Rs.565/- (supra) and after going through the reply
kept aside while making
a payment of running bills including Price Variation/Escalation
under Clause 33 of the Special Conditions of the tender
agreement ... placed on record price escalation bills, which were
calculated as per the formula given in Clause 33 the Price
Variation Clause. This position
which has not changed during last four years and these
significant price variation reveals a pattern in the manipulation of the
share price ... variation from Rs. 19.65 to Rs. 518/- per share. The AO
further observed that only reason for such a huge variation in share price
from
decided in favour of the
plaintiff, whether there was any price variation in
commodities required for the works between the said dates
and what additional ... decided in favour of the
plaintiff, then whether there was any price variation of Rs.
134649.75 paise for petrol and lubricants and whether the
plaintiff
kept aside while making
a payment of running bills including Price Variation/Escalation
under Clause 33 of the Special Conditions of the tender
agreement ... placed on record price escalation bills, which were
calculated as per the formula given in Clause 33 the Price
Variation Clause. This position
kept aside while making
a payment of running bills including Price Variation/Escalation
under Clause 33 of the Special Conditions of the tender
agreement ... placed on record price escalation bills, which were
calculated as per the formula given in Clause 33 the Price
Variation Clause. This position
