TMI BlogCourt Affirms Tax Deduction for Mineral Oil Extraction and Sale Under Income Tax Act Section 80IB(9.Deduction u/s 80IB for extracting of oil. – commercial production of mineral oil as per. sec. 8OIB(9) Involves the activity of extracting Oil from underneath of surface and transport it for sale and nothing else - deduction allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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