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<h1>Income Tax Act's Section 33ABA: Site Restoration Fund Scheme for Petroleum and Natural Gas Sector from April 1, 1999.</h1> The Site Restoration Fund Scheme, 1999, established under section 33ABA of the Income-tax Act, 1961, is applicable from April 1, 1999. It pertains to assessees involved in the prospecting, extraction, or production of petroleum or natural gas in India. The scheme applies when the Central Government has entered into an agreement with these assessees for such activities. This scheme is part of the statutory provisions related to direct taxes, specifically addressing site restoration obligations for businesses in the petroleum and natural gas sector.