Section 91

(1) Subject to the provisions of this Part, the revenue of a company in Ascertain-
an accounting period shall be the aggregate of – ment of
profits,
(a) the proceeds of sale of all chargeable oil sold by the company in that
adjusted
period; profit,
assessable
(b) the value of all chargeable oil disposed by the company in that period;
profits and
(c) all income of the company of that period incidental to and arising chargeable
profits
from any one or more of its petroleum operations; and
(d) gains arising from the disposal of assets accruing to the company in
any accounting period, ascertained in accordance with the relevant provisions
of Part VIII of Chapter two of this Act which shall be taxable at the rate
provided under section 56 of this Act.
(2) For the purposes of subsection (1)(b), the value of any chargeable oil
disposed shall be taken to be the value of that oil in line with the applicable
legislation.
(3) The adjusted profit of an accounting period shall be the profits of that
period after the deductions allowed under section 92(1) of this Act and any
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adjustment to be made in accordance with the provisions of sections 92(2) and