Amortisation of expenditure for development of Certain Minerals - Section 35E

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....one, iron, zinc, gold etc. or on the development of a mine or other natural deposit of any such minerals or group of associated minerals specified in the Seventh Schedule. Expenditure incurred wholly and exclusively on: * Any operations relating to prospecting for any mineral or * On the development of a mine or other natural deposit of any mineral, * Shall be allowed deduction in equal in....

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....missible. ii. Expenditure on acquisition of site of source of minerals/ deposits of such minerals. Note:- There shall be excluded from such expenditure any portion thereof which is met directly or indirectly by any other person or authority and any sale, salvage, compensation or insurance moneys realised by the assessee in respect of any property or rights brought into existence as a result of ....