https://www.taxtmi.com/caselaws?id=385333 The court dismissed the appellant's challenge regarding the exclusion of certain amounts from book profit calculation under the Income Tax Act, emphasizing that income from the sale of agricultural land does not constitute agricultural income. The judgment clarified the interpretation of provisions related to agricultural income, MAT calculation, and revenue derived from land, ultimately upholding the Assessing Officer's decision despite the appellant's arguments. en-us Fri, 19 Jul 2019 00:00:00 +0530 Wed, 19 Feb 2020 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385333 The court dismissed the appellant's challenge regarding the exclusion of certain amounts from book profit calculation under the Income Tax Act, emphasizing that income from the sale of agricultural land does not constitute agricultural income. The judgment clarified the interpretation of provisions related to agricultural income, MAT calculation, and revenue derived from land, ultimately upholding the Assessing Officer's decision despite the appellant's arguments. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385333