https://www.taxtmi.com/caselaws?id=287474 A State instrumentality supplying gas as a public utility must fix and demand prices on rational, relevant and non-arbitrary grounds; price fixation is a policy function, but remains open to judicial review where the basis appears manifestly unreasonable or discriminatory. On the facts, the steep increase in gas prices without a satisfactory disclosed basis was held arbitrary and unreasonable, so the price demands were set aside for fresh fixation on rational principles. The enhancement of the minimum guaranteed quantity to 90% was upheld because the commodity would otherwise be flared and wasted, making the commercial adjustment justified. en-us Sat, 30 Jul 1983 00:00:00 +0530 Wed, 15 Apr 2020 15:35:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287474 A State instrumentality supplying gas as a public utility must fix and demand prices on rational, relevant and non-arbitrary grounds; price fixation is a policy function, but remains open to judicial review where the basis appears manifestly unreasonable or discriminatory. On the facts, the steep increase in gas prices without a satisfactory disclosed basis was held arbitrary and unreasonable, so the price demands were set aside for fresh fixation on rational principles. The enhancement of the minimum guaranteed quantity to 90% was upheld because the commodity would otherwise be flared and wasted, making the commercial adjustment justified. Case-Laws Indian Laws Sat, 30 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287474