Examples of OTA 1975 in a sentence
If, in the absence of section 83, the assessable profit accruing to the affected company from an oil field in that chargeable period would be reduced under section 8(1) of OTA 1975, the amount of the oil allowance for the oil field utilised by the affected company in that chargeable period for the purposes of section 8 of that Act is to be determined as if section 83 did not apply.
If, in the absence of section 80, the assessable profit accruing to the affected company from an oil field in that chargeable period would be reduced under section 8(1) of OTA 1975, the amount of the oil allowance for the oil field utilised by the affected company in that chargeable period for the purposes of section 8 of that Act is to be determined as if section 80 did not apply.
In Schedule 2 to OTA 1975 (management and collection of petroleum revenue tax), in the Table in paragraph 1(1), omit the entry relating to section 99 of TMA 1970.
Schedule 3 to OTA 1975 (petroleum revenue tax: miscellaneous provisions) is amended in accordance with this section.
In section 12 of OTA 1975 (interpretation of Part 1), the definition of “participator” is amended as follows.
Assurances were given whilst OTA 1975 was passing through Parliament that fields will be determined by reference to geological considerations alone.
This supports our interpretation that the large positive coefficient on Visited NHM in Table 6.19 is not in fact capturing the true effect of NHM visitation on life satisfaction.The possibility of such priming effects is, of course, just one of many alternative explanations offered by behavioural economics, but they do fit the pattern of the results.
Secondly, as our study participants selected from major three metropolitan cities (West Bengal, Delhi, and Mumbai) in India, and therefore, our results may not be representative of other populations in urban districts in India.
They are harmed by the decision to acquire land in trust and the environmental impacts of the proposed casino.
Clause 98 extends the definition of “participator” for Petroleum Revenue Tax (PRT) purposes, at section 12 of the Oil Taxation Act 1975 (OTA 1975), to include former participators who have incurred decommissioning costs as a result of a current participator defaulting on its decommissioning liabilities.