https://www.taxtmi.com/caselaws?id=310823 Statutory tariff notifications governed the power purchase arrangement under the Electricity (Supply) Act, 1948, and the amended tariff notification restricted the claimed deemed generation incentive. The change-in-law clause contemplated such amendments, so contractual terms could not override the tariff regime. Recovery of excess payments remained subject to the limitation determination upheld by the lower authorities; repeated correspondence did not extend limitation without a qualifying acknowledgment. The supplementary agreement treated the specified amount as own capital and allowed interest on the deemed loan only at the agreed rate for the expressly defined period from 1 July 2003 to 31 December 2009. No interest could be implied for an earlier period. en-us Wed, 06 May 2020 00:00:00 +0530 Sun, 19 Nov 2023 17:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310823 Statutory tariff notifications governed the power purchase arrangement under the Electricity (Supply) Act, 1948, and the amended tariff notification restricted the claimed deemed generation incentive. The change-in-law clause contemplated such amendments, so contractual terms could not override the tariff regime. Recovery of excess payments remained subject to the limitation determination upheld by the lower authorities; repeated correspondence did not extend limitation without a qualifying acknowledgment. The supplementary agreement treated the specified amount as own capital and allowed interest on the deemed loan only at the agreed rate for the expressly defined period from 1 July 2003 to 31 December 2009. No interest could be implied for an earlier period. Case-Laws Indian Laws Wed, 06 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310823