COMPUTATION OF PROFITS OF THE BUSINESS OF DEVELOPING OF A SPECIAL ECONOMIC ZONE MANUFACTURE OR PRODUCTION OF ARTICLE OR THINGS OR PROVIDING OF ANY SERVICE BY A UNIT ESTABLISHED IN A SEZ

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.... A SPECIAL ECONOMIC ZONE MANUFACTURE OR PRODUCTION OF ARTICLE OR THINGS OR PROVIDING OF ANY SERVICE BY A UNIT ESTABLISHED IN A SPECIAL ECONOMIC ZONE 1. The provisions of this Schedule shall apply to the business specified herein below—      (a) the business of developing a special economic zone; and      (b) a unit establi....

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....sset (other than land, goodwill or financial instrument) in respect of which deduction has been allowed, or allowable, under paragraph 4 in any financial year; and     (c) the amounts referred to in sub-section (2) of section 33. 4. The amount of business expenditure referred to in paragraph 2 shall be the aggregate of the amount of—     (a) operating expen....

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....ving full effect to any deduction allowable under Sub-Chapter-IV of Chapter III in relation to the profits of the specified business. 6. 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 38, initial depreciation under section 39 and term....

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....or plant previously used for any purpose, if—       (i) the machinery or plant was not, at any time prior to the date of the installation by the assessee, used in India;       (ii) the machinery or plant is imported into India from any country outside India; and       (iii) no deduction on account of depreciation....