https://www.taxtmi.com/caselaws?id=164625 A tariff rebate granted for hill-area industrial units through delegated notifications gave rise to promissory estoppel once investors altered their position by setting up units on that representation. The rebate could not be curtailed before the promised period merely on commercial, fiscal, loss-reduction, theft-control, or higher-cost grounds, as those reasons were insufficient to override the promise in the absence of overwhelming public interest or an express revocation power. However, once the U.P. Electricity Reforms Act, 1999 came into force, the earlier concession could not continue contrary to the later primary statute. The protected benefit therefore operated only until the new statutory regime commenced. en-us Mon, 10 Dec 2007 00:00:00 +0530 Mon, 09 Jun 2014 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164625 A tariff rebate granted for hill-area industrial units through delegated notifications gave rise to promissory estoppel once investors altered their position by setting up units on that representation. The rebate could not be curtailed before the promised period merely on commercial, fiscal, loss-reduction, theft-control, or higher-cost grounds, as those reasons were insufficient to override the promise in the absence of overwhelming public interest or an express revocation power. However, once the U.P. Electricity Reforms Act, 1999 came into force, the earlier concession could not continue contrary to the later primary statute. The protected benefit therefore operated only until the new statutory regime commenced. Case-Laws Indian Laws Mon, 10 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164625