COMPUTATION OF PROFITS OF A SPECIFIED BUSINESS

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.... (d) business of processing, preservation and packaging of fruits 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;    (g) business of setting up and operating a warehousing facility for storage of agricultural produce;    (h) business of building and operating, anywhere in India, a new hotel of two-star or above category as classified by the Central Government and commences operation on or after the 1st day of April, 2010;     (i) business of bu....

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.... 33. 5. The amount of business expenditure referred to in paragraph 1 shall be the aggregate of the amount of—    (a) operating expenditure referred to in section 35, incurred by the assessee;    (b) finance charges referred to in section 36, incurred by the assessee;    (c) expenditure on any licence charges, rental fees or other charges, if actually paid;    (d) capital expenditure incurred by the assessee;    (e) expenditure referred to in clauses (a) to (d) incurred before the commencement of the business. 6. The profits computed under paragraph 1 shall be presumed to have been computed—    (a) after giving full effect to every loss, allowance or ded....

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....;        (ii) has been approved by the Petroleum and Natural Gas Regulatory Board established under sub-section (1) of section 3 of the Petroleum and Natural Gas Regulatory Board Act, 2006 and notified by the Central Government in this behalf;        (iii) has made not less than such proportion of its total pipeline capacity as specified by the regulations made by the Petroleum and Natural Gas Regulatory Board established under sub-section (1) of section 3 of the Petroleum and Natural Gas Regulatory Board Act, 2006 available for use on common carrier basis by any person other than the assessee or an associated person; and        (iv) fulfils a....

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....een allowed or is allowable under the provisions of this Code, or the Income-tax Act, 1961 as it stood before the commencement of this Code, in computing the total income of any person for any period prior to the date of the installation of the machinery or plant by the assessee;    (c) the condition specified in clause (b) of paragraph 9 shall be deemed to have been complied with if the total value of the machinery or plant or any part thereof, previously used for any purpose and transferred to the specified business, does not exceed twenty per cent. of the total value of the machinery or plant used in the business;    (d) the capital expenditure referred to in clause (d) of paragraph 5 shall not include any expen....