https://www.taxtmi.com/caselaws?id=275292 Regulation 2.7(d)(iv) of the CERC Tariff Regulations was interpreted as requiring only the deviation beyond the permitted 4.8% to 7.2% band to be adjusted, not the entire difference from the 6% base escalation factor. The clause was read as clear and unambiguous: 6% operates as the base for revising O&M expenses, deviations within the permitted band are absorbed by utilities and beneficiaries, and only excess deviation is adjusted on the basis of the actual escalation factor. The contrary construction was rejected because the wording left no room for replacement by considerations of logic, convenience, or consumer impact. en-us Fri, 20 Apr 2007 00:00:00 +0530 Fri, 05 Oct 2018 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275292 Regulation 2.7(d)(iv) of the CERC Tariff Regulations was interpreted as requiring only the deviation beyond the permitted 4.8% to 7.2% band to be adjusted, not the entire difference from the 6% base escalation factor. The clause was read as clear and unambiguous: 6% operates as the base for revising O&M expenses, deviations within the permitted band are absorbed by utilities and beneficiaries, and only excess deviation is adjusted on the basis of the actual escalation factor. The contrary construction was rejected because the wording left no room for replacement by considerations of logic, convenience, or consumer impact. Case-Laws Indian Laws Fri, 20 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275292