Amortisation of expenditure for prospecting certain minerals.

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....cting for, or extraction or production of, any mineral, shall be allowed a deduction of an amount equal to one-tenth of the amount of expenditure referred to in sub-section (2), in each of the relevant tax years. (2) The expenditure referred to in sub-section (1) is the expenditure incurred by the assessee at any time during the year of commercial production and any one or more of the four tax ....

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....tion of the site of the source of any mineral or group of associated minerals referred to in the said sub-section or of any rights in or over such site; or (b) any expenditure on the acquisition of the deposits of such mineral or group of associated minerals or of any rights in or over such deposits; or (c) any expenditure of a capital nature in respect of any building, machinery....

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....more of the minerals in a group of associated minerals under this section in respect of which the expenditure was incurred, whichever is less. (6) If any part of the instalment for a relevant tax year is not fully allowed, it shall be carried forward to the subsequent tax year, becoming part of the instalment of that tax year and such carrying forward may continue for each following tax year....

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....or deduction under sub-section (1), is transferred before ten years specified in the said sub-section in a scheme of amalgamation or demerger, to another Indian company, then,-- (a) no deduction shall be allowed to the amalgamating or demerged company for the year in which such amalgamation or demerger takes place; and (b) all the provisions of this section shall continue to appl....