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Tax Benefits Allowed for Crude Oil Exploration as Production Activity u/ss 80IB & 80IC.

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Full Text of the Document

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....Disallowance 80IB / 80IC - Manufacturing or production activity or not - assessee admittedly drills / explores crude oil for the purpose of refining the same to various by-products - assessee’s crude oil exploration very much amounts to production going by the relevant facts.....

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