Modification of status of persons engaged in business of prospecting, etc., of mineral oils

Modification of status of persons engaged in business of prospecting, etc., of mineral oils https://www.taxtmi.com/notifications?id=12722 Persons entering agreements with the Central Government for participation in prospecting, extraction or production of mineral oil on or after 1 April 1992 shall not be assessed as an Association of Persons or Body of Individuals; each person shall be assessed separately for his or its share of income in the same status as in the agreement, with meanings of "status" and "mineral oil" as in the Explanation to section 293A, effective from 1 April 1993 for the assessment year 1993-94 onward. en-us Fri, 08 Mar 1996 00:00:00 +0530 Sat, 13 Sep 2008 14:03:00 +0530 TaxTMI RSS Generator Modification of status of persons engaged in business of prospecting, etc., of mineral oils https://www.taxtmi.com/notifications?id=12722 Persons entering agreements with the Central Government for participation in prospecting, extraction or production of mineral oil on or after 1 April 1992 shall not be assessed as an Association of Persons or Body of Individuals; each person shall be assessed separately for his or its share of income in the same status as in the agreement, with meanings of "status" and "mineral oil" as in the Explanation to section 293A, effective from 1 April 1993 for the assessment year 1993-94 onward. Notifications Income Tax Fri, 08 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/notifications?id=12722