https://www.taxtmi.com/acts?id=3578 Section 42 permits special allowances specified in government agreements for businesses prospecting for or producing mineral oil, replacing or supplementing ordinary Act allowances for abortive exploration, specified drilling and exploration expenditure and depletion upon commencement of commercial production, with computation and application governed by the agreement and necessary modifications to the Act. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 16:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3578 Section 42 permits special allowances specified in government agreements for businesses prospecting for or producing mineral oil, replacing or supplementing ordinary Act allowances for abortive exploration, specified drilling and exploration expenditure and depletion upon commencement of commercial production, with computation and application governed by the agreement and necessary modifications to the Act. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3578