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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>Deduction for oil exploration expenditures allowed under specified government agreements, affecting computation of business income.</h1> Deduction is permitted in computing income under the head 'Profits and gains of business or profession' for a specified oil exploration business where an agreement with the Central Government is in place and laid before Parliament; deductions cover infructuous or abortive exploration in surrendered areas, drilling and exploration expenditures and related assets, and depletion in the year commercial production commences and succeeding years as specified in the agreement.

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