https://www.taxtmi.com/caselaws?id=65531 The Tribunal held that the initial assessment year for deduction under section 80-IB(9) was 1996-97, as commercial production of crude oil had commenced in the financial year 1995-96. The Tribunal determined that the subsequent increase in production due to work-over operations did not alter the fact that commercial production had already started. Regarding the computation of deduction under section 80-IB, the Tribunal allowed the deduction for parental support income but denied it for interest income and miscellaneous income, affirming the eligibility criteria for deduction. en-us Fri, 04 May 2007 00:00:00 +0530 Wed, 12 Jun 2013 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65531 The Tribunal held that the initial assessment year for deduction under section 80-IB(9) was 1996-97, as commercial production of crude oil had commenced in the financial year 1995-96. The Tribunal determined that the subsequent increase in production due to work-over operations did not alter the fact that commercial production had already started. Regarding the computation of deduction under section 80-IB, the Tribunal allowed the deduction for parental support income but denied it for interest income and miscellaneous income, affirming the eligibility criteria for deduction. Case-Laws Income Tax Fri, 04 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65531