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of <h1>Act preserves special restoration account deduction for petroleum and gas operators but shifts key mechanics into Schedule X</h1> The enacted provision preserves a deduction for deposits to a special/site restoration account by petroleum or natural gas operators under a government agreement but shifts key mechanics into Schedule X: the Act clarifies that taxable withdrawals/transfers arise from those specified accounts and replaces the Bill's explicit eight-year deeming recapture with a Schedule-driven rule for taxation on sale/transfer of assets. Practically, this centralisation reduces clause-level prescription, creates reliance on Schedule X for timing and computation (including any recapture period), and increases taxpayer compliance focus on detailed records linking deposits, withdrawals and asset acquisitions to support allocation of deductible amounts.
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