Deduction for businesses engaged in collecting and processing of bio-degradable waste

If the gross total income of an assessee includes any profits and gains derived from the business of collecting and processing or treating of bio- degradable waste for,—

1. (a) generating power; or
   • (b) producing bio-fertilizers, bio-pesticides or other biological agents; or
   • (c) producing bio-gas; or
   • (d) making pellets or briquettes for fuel or organic manure,

there shall be allowed a deduction equal to the whole amount of such profits and gains for five consecutive tax years, beginning with the tax year in which such business commences.