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PART II.
Profits from Coal-mining Operations—Temporary Relief from Income Tax and Corporation Profits Tax.
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Definitions (Part II).
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4.—In this Part of this Act—
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“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;
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“commencement day” means such day after the 30th day of September, 1956, as is referred to in paragraph (b) of the definition in this section of “new coal-mining operations”;
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“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 ;
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“new coal-mining operations” means coal-mining operations which—
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(a) are not existing coal-mining operations,
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(b) are begun on a day after the 30th day of September, 1956, and
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(c) are, in the opinion of the Revenue Commissioners, having regard to all the circumstances (which may include the nature and magnitude of the operations and the place where they are carried on), substantially distinct and separate from, and not merely an extension of, any other coal-mining operations;
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“production” means production in reasonable commercial quantities with a view to the realisation of profits.
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