https://www.taxtmi.com/forum/issue?id=2960 Whether sale of agricultural land by a company attracts Minimum Alternate Tax is in question: agricultural land gains are generally not taxable as capital gains, yet MAT contains no explicit exclusion for such non taxable incomes. A reported decision is cited holding that receipts excluded from tax by reason of mutuality should not be included in MAT, and the author seeks the citation for that authority to resolve whether non taxable agricultural receipts are excluded from the MAT base. en-us Mon, 18 Apr 2011 14:22:51 +0530 Thu, 23 Jan 2025 15:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2960 Whether sale of agricultural land by a company attracts Minimum Alternate Tax is in question: agricultural land gains are generally not taxable as capital gains, yet MAT contains no explicit exclusion for such non taxable incomes. A reported decision is cited holding that receipts excluded from tax by reason of mutuality should not be included in MAT, and the author seeks the citation for that authority to resolve whether non taxable agricultural receipts are excluded from the MAT base. Discussion-Forum Income Tax Mon, 18 Apr 2011 14:22:51 +0530 https://www.taxtmi.com/forum/issue?id=2960