ASIAN OILFIELD SERVICES LTD.,,BARODA vs. THE DY.CIT.,CIRCLE-1(1),, BARODA
In the result, appeal of the assessee for the A
ITA 1266/AHD/2012[2008-09]Status: DisposedITAT Ahmedabad17 Feb 2021AY 2008-09
Bench: Shri C.N. Prasad, Hon'Ble & Shri N.K. Pradhan, Hon'Ble&
For Appellant: Shri Dharmesh ShahFor Respondent: Shri Brajendra Kumar
Section 143(3)
depreciation schedule relating to mineral oil concerns.
47. The Hon'ble Supreme Court in the case of Oil and Natural Gas
Corporation Ltd. v. CIT [376 ITR 306] held as under: -
“13. The Income Tax Act does not define the expressions “mines”
or “minerals”. The said expressions are found defined and explained in the Mines