Court Rules No Benefit Entitlement u/s 42 for Mineral Oil Prospecting Based on Letters Alone.

Court Rules No Benefit Entitlement u/s 42 for Mineral Oil Prospecting Based on Letters Alone. https://www.taxtmi.com/highlights?id=13639 Benefit u/s 42 - business for prospecting, etc., for mineral oil - no legal right on the basis of the letters accrues/arises - no statement or promise that advantage u/s 42 would be available to the successful bidder was promised or made - HC en-us Tue, 30 Jul 2013 18:25:07 +0530 Tue, 30 Jul 2013 18:25:07 +0530 TaxTMI RSS Generator Court Rules No Benefit Entitlement u/s 42 for Mineral Oil Prospecting Based on Letters Alone. https://www.taxtmi.com/highlights?id=13639 Benefit u/s 42 - business for prospecting, etc., for mineral oil - no legal right on the basis of the letters accrues/arises - no statement or promise that advantage u/s 42 would be available to the successful bidder was promised or made - HC Highlights Income Tax Tue, 30 Jul 2013 18:25:07 +0530 https://www.taxtmi.com/highlights?id=13639