https://www.taxtmi.com/caselaws?id=35338 The High Court upheld the Tribunal's decision, ruling that Section 35E of the Income Tax Act, 1961 was not applicable to the assessment year 2001-2002 for the company engaged in prospecting and exploring ores and minerals, as it did not involve commercial production. The Court agreed that the company's activities did not meet the criteria for invoking Section 35E, emphasizing the necessity of commercial production as a determining factor for the provision's applicability. en-us Thu, 28 Jan 2010 00:00:00 +0530 Thu, 31 Jan 2013 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35338 The High Court upheld the Tribunal's decision, ruling that Section 35E of the Income Tax Act, 1961 was not applicable to the assessment year 2001-2002 for the company engaged in prospecting and exploring ores and minerals, as it did not involve commercial production. The Court agreed that the company's activities did not meet the criteria for invoking Section 35E, emphasizing the necessity of commercial production as a determining factor for the provision's applicability. Case-Laws Income Tax Thu, 28 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35338