Site Restoration Fund Scheme creates an approved tax framework under the Act for eligible petroleum and natural gas assessees. The Notification appoints the Site Restoration Fund Scheme, 1999 as an approved scheme under the Income-tax Act, coming into force from the first day of April, 1999, and applying to assessees engaged in prospecting for, or extraction or production of, petroleum or natural gas in India where the assessee has entered into an agreement with the Central Government for such business.
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.
Site Restoration Fund Scheme creates an approved tax framework under the Act for eligible petroleum and natural gas assessees.
The Notification appoints the Site Restoration Fund Scheme, 1999 as an approved scheme under the Income-tax Act, coming into force from the first day of April, 1999, and applying to assessees engaged in prospecting for, or extraction or production of, petroleum or natural gas in India where the assessee has entered into an agreement with the Central Government for such business.
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