TaxTMI 
TaxTMI 
THE THIRTEENTH SCHEDULE - COMPUTATION OF PROFITS OF A SPECIFIED BUSINESS
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.... and vegetables. (e) business of laying and operating a cross country natural gas or crude or petroleum oil pipeline network for distribution, including storage facilities being an integral part of the network; (f) business of setting up and operating a cold chain facility; and (g) business of setting up and operating a warehousing facility for storage of agricultural produce. 2. The profits of every specified business shall be computed separately under this Schedule. 3. The profits of any specified business shall be the gross income from the business carried on by the assessee at any time during the financial year as reduced by the amount of business expenditure incurred by the assessee, wholly and exclusively, for the purpose....
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....ull effect to every loss, allowance or deduction referred to in subsections (1) to (3) of section 33, sub-section (1) of section 34 and sections 35 to section 38; (b) after giving full effect to any deduction allowable under sub-chapter-I of Chapter III in relation to the profits of the specified business. 8. The written down value of any business asset used in the specified business shall be computed as if the assessee has claimed and has been actually allowed the deduction in respect of depreciation under section 36, initial depreciation under section 37 and terminal allowance under section 38. 9. The amount of common costs (including depreciation) attributable to the specified business shall be determined in the prescribed manner.....
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....ompanies or by an authority or a board or a corporation established or constituted under any Central or State Act; (ii) has been approved by the Petroleum and Natural Gas Regulatory Board established under the sub-section (1) of section 3 of the Petroleum and Natural Gas Regulatory Board Act, 2006 and notified by the Central Government in the Official Gazette in this behalf; (iii) has made not less than one-third of its total pipeline capacity available for use on common carrier basis by any person other than the assessee or an associated person; and (iv) fulfils any other condition as may be prescribed. 13. For the purposes of this Schedule, unless the context otherwise requires,- (a) an "associated person", in relation to the ....