The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that Bitumen and it’s by-products are “mineral oil” under Section 80IB(a) of Income Tax Act, 1961. The assessee company, M/s. Hindustan Coals Private Limited is a joint venture of Hindustan Petroleum Corporation (HPCL), India, and Colas SA, France. HPCL during its refining process of crude oil…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
