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I.T.AS. NOS. 965/113, 966/IBI79/IB AND 80/IB OF 1986-87, DECIDED ON 14TH FEBRUARY, 1988. versus I.T.AS. NOS. 965/113, 966/IBI79/IB AND 80/IB OF 1986-87, DECIDED ON 14TH FEBRUARY, 1988.


Fifth Schedule Income Tax Act (XI of 1922), Schedule II, R2 (2) A separate offer containing all leases for the search whenever a contract is made under a contract with the government. Considered. The cost of discovering, testing, investigating or investigating or accessing petroleum reserves that would have to be allocated to a surrendered area or digging a dry hole where the Fifth Schedule Income Tax Act (XI of 1922) , The second schedule receives the contract. Such contracts for the exploration and production of petroleum were contracted before the 1st of July 1979 (before the commencement of the Ordinance of 1979), governed by the Income Tax Act, 1922, the second schedule was amended by the ordinance in 1979 The rule was not introduced. By the Fifth Schedule, the repeal of the Act of 1922 pertains to proceeding with the relevant provisions and eliminating losses

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