Bench: Shri C.N. Prasad, Hon'Ble & Shri N.K. Pradhan, Hon'Ble&
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