Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
intangible drilling costs
Oil & gas. Expenses incurred in drilling, testing, and completing an oil or gas well. ( These costs are deductible in the . year they are incurred. - Also termed intangible drilling and development costs. IRC (26 USCA) ยง 263. intangible movable See MOVABLE.