Section 80-IB eligibility for mineral oil refineries confirmed; conditions on commencement and ownership to qualify. Notification conditionally recognises specified mineral oil refinery projects as eligible for the tax provision, subject to the undertaking being a separate undertaking, commencing refining by the prescribed deadline, and remaining wholly owned by a public sector company or by a company in which public sector company or companies hold at least forty nine percent of the voting rights.
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.
Section 80-IB eligibility for mineral oil refineries confirmed; conditions on commencement and ownership to qualify.
Notification conditionally recognises specified mineral oil refinery projects as eligible for the tax provision, subject to the undertaking being a separate undertaking, commencing refining by the prescribed deadline, and remaining wholly owned by a public sector company or by a company in which public sector company or companies hold at least forty nine percent of the voting rights.
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