https://www.taxtmi.com/highlights?id=49084 MAT computation - exclusion of revenue generated from sale of agriculture land from the book profit - In the absence of any specific definition as to what constitutes “revenue” under the Act, the normal meaning attributable (having regard to the rule of ejusdem generis, with respect to the expression “rent” used) would necessarily mean any form of income derived from the asset i.e. land which in turn pre-supposes its existence in the hands of assessee. en-us Tue, 03 Sep 2019 08:08:50 +0530 Tue, 03 Sep 2019 08:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49084 MAT computation - exclusion of revenue generated from sale of agriculture land from the book profit - In the absence of any specific definition as to what constitutes “revenue” under the Act, the normal meaning attributable (having regard to the rule of ejusdem generis, with respect to the expression “rent” used) would necessarily mean any form of income derived from the asset i.e. land which in turn pre-supposes its existence in the hands of assessee. Highlights Income Tax Tue, 03 Sep 2019 08:08:50 +0530 https://www.taxtmi.com/highlights?id=49084