Transmission Corporation of Andhra Pradesh Ltd. {AAR – ANDHRA PRADESH}

AAR – ANDHRA PRADESH :Date of Order – 09-05-2024Background: The case involved Transmission Corporation of Andhra Pradesh Ltd. (the applicant-assessee), which operates as a Licensed Distribution Company for supplying electricity. The company enters into various contracts with suppliers (contractors) to construct and maintain its transmission network in the state. These contracts often include specific time limits for supplies to be completed. In case suppliers fail to adhere to these time limits, the contracts stipulate penalties or liquidated damages that will...

Become a Premium member. If you are already a Premium member, please login here to access the full content.