Examples of OTA 1975 in a sentence
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Schedule 3 to OTA 1975 (petroleum revenue tax: miscellaneous provisions) is amended in accordance with this section.
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 section 12 of OTA 1975 (interpretation of Part 1), the definition of “participator” is amended as follows.
With a strong focus on housing, the City of Houston’s Local Action Plan outlines programs designed to assist residents in the recovery process.
In Schedule 1 to OTA 1975 (determination of oil fields), in paragraph 7(4), for “the relevant area” substitute “those qualifying assets”.
Where expenditure is incurred partly for tax exempt tariffing purposes and partly for one or more of the qualifying purposes listed at Section 3(1) OTA 1975 which include searching for oil anywhere within the area of the field, making a payment to obtain a relevant licence and winning oil from the field, it should be apportioned on a just and reasonable basis.
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.
Assurances were given whilst OTA 1975 was passing through Parliament that fields will be determined by reference to geological considerations alone.
For the purposes of subsection(5)(d) an amount of petroleum revenue tax which is repaid as mentioned in section 301(1) of CTA 2010 is referable to the decommissioning part of an allowable loss so far the allowable loss giving rise to the repayment is attributable, on a just and reasonable basis, to expenditure allowable under section 3(1)(i) or (j) of OTA 1975.