In the result, both the appeals of the assessee are allowed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
2) is not acceptable to either of the parties, the amount shall, on an application by either of the parties, be determined by the arbitrator to be appointed by the Central Government. (6) Subject to the provisions of this Act, the provisions of the Arbitration and Conciliation Act, 1996 (26 of 1996) shall apply to every arbitration under this