https://www.taxtmi.com/caselaws?id=275508 A pre-commencement tariff arrangement, once conclusively settled by correspondence, approvals and conduct, was held protected under the statutory proviso for prior contracts, without requiring a formal written power purchase agreement. The project was treated as an independent power producer rather than a captive plant because the record showed approval for sale to the grid and consistent regulatory recognition. The tariff orders were found arbitrary and perverse due to computational errors, reliance on unsuitable tariff norms, and inadequate reasons. Promissory estoppel and legitimate expectation also applied because the project proponent had relied on governmental and utility assurances. en-us Thu, 08 Apr 2004 00:00:00 +0530 Fri, 05 Oct 2018 14:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275508 A pre-commencement tariff arrangement, once conclusively settled by correspondence, approvals and conduct, was held protected under the statutory proviso for prior contracts, without requiring a formal written power purchase agreement. The project was treated as an independent power producer rather than a captive plant because the record showed approval for sale to the grid and consistent regulatory recognition. The tariff orders were found arbitrary and perverse due to computational errors, reliance on unsuitable tariff norms, and inadequate reasons. Promissory estoppel and legitimate expectation also applied because the project proponent had relied on governmental and utility assurances. Case-Laws Companies Law Thu, 08 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275508