https://www.taxtmi.com/caselaws?id=161421 Under the unamended Indian Electricity Act, 1910, service lines formed part of the licensee's undertaking for purchase valuation even when consumers had paid the laying cost, because the statutory scheme and licence conditions treated ownership and maintenance as remaining with the licensee. The later insertion of section 7A did not apply retrospectively to an earlier acquisition, so the excluded value had to be restored in compensation. Where the arbitral award wrongly omitted that component, the error was severable and did not taint the entire award; the award could be amended to include the service lines rather than set aside in full. en-us Tue, 19 Dec 1972 00:00:00 +0530 Thu, 07 Aug 2014 08:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161421 Under the unamended Indian Electricity Act, 1910, service lines formed part of the licensee's undertaking for purchase valuation even when consumers had paid the laying cost, because the statutory scheme and licence conditions treated ownership and maintenance as remaining with the licensee. The later insertion of section 7A did not apply retrospectively to an earlier acquisition, so the excluded value had to be restored in compensation. Where the arbitral award wrongly omitted that component, the error was severable and did not taint the entire award; the award could be amended to include the service lines rather than set aside in full. Case-Laws Companies Law Tue, 19 Dec 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161421