Jurisdiction of Chief Commissioner of (Mineral and refinery projects)

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..... IB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following undertaking, being mineral oil refinery projects, for the purposes of the said sub-section, namely : - (i) 15 MMTPA capacity refinery project of Indian Oil Corporation Ltd at Paradip, Orissa ; (ii) 6 MMTPA capacity refinery project of Bharat Oman Refineries Ltd at Bina Madhya Pradesh; (iii) 9 .....

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..... bove shall be subject to conditions that - (i) the mineral oil refinery projects constitute a separate undertaking with the meaning of section 80-IB of the Income Tax Act; (ii) the undertaking begins refining of mineral oil not later than the 31st day of March, 2012; and (iii) the undertaking continues to be wholly owned by a public sector company or any other company in which a public sect .....

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