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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Entitlement to benefit of Section 42 - business for prospecting, ...


Entitlement to Benefits Denied Due to Agreement Discrepancy u/s 42 for Mineral Oil Prospecting Business.

May 16, 2015

Case Laws     Income Tax     SC

Entitlement to benefit of Section 42 - business for prospecting, etc., for mineral oil. - discrepancy in the agreement - allowances, as stipulated in the Section, were not specifically mentioned in the agreement - appellant is not entitled to the relief claimed - SC

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