Income Tax Act, 1967.

Chapter III

Profits from Coal-Mining Operations

Definitions.

393.—In this Chapter—

“coal-mining operations” means coal-mining operations (by underground or opencast excavation) within the State, whether before or after the passing of this Act, but only in so far as the production of coal results or has resulted therefrom;

“existing coal-mining operations” means coal-mining operations which, at any time during the period of one year ending on the 30th day of September, 1956, have resulted in the production of coal;

“production” means production in reasonable commercial quantities with a view to the realisation of profits.