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

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Full Text of the Document

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....ment is satisfied that it is necessary and expedient so to do, in the public interest to make modification in regard to the status in which persons, specified in sub-section (2) of section 293A of the Income-tax Act, 1961 (43 of 1961), are to be assessed on their income from the business consisting of the prospecting for or extraction or production of mineral oil. Now, therefore, in exercise of....