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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Site restoration fund deduction limited to deposits or portion of profits; withdrawals and certain disposals treated as business income.</h1> An assessee in petroleum or natural gas operations with a government agreement may claim deduction for deposits into a State Bank of India specified account, limited to deposits or 20% of profits, allowed before set off of losses; eligibility requires deposits under approved special or deposit schemes and audited accounts. Withdrawals or non utilisation of such amounts, and sale of assets acquired under the schemes within eight years, are treated as deemed business income and taxed accordingly; expenditure met from those deposits (including interest) is non deductible.

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