https://www.taxtmi.com/highlights?id=52008 MAT computation - exclusion of profit on sale of agricultural land while computing book profit u/s 115JB - This land was used for agricultural purpose and considering the location of this land, in near future it cannot be used for non-agricultural purposes. The AO himself has accepted that the land is an agricultural land out of definition of capital assets - No additions - AT en-us Wed, 26 Feb 2020 11:46:44 +0530 Wed, 26 Feb 2020 11:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52008 MAT computation - exclusion of profit on sale of agricultural land while computing book profit u/s 115JB - This land was used for agricultural purpose and considering the location of this land, in near future it cannot be used for non-agricultural purposes. The AO himself has accepted that the land is an agricultural land out of definition of capital assets - No additions - AT Highlights Income Tax Wed, 26 Feb 2020 11:46:44 +0530 https://www.taxtmi.com/highlights?id=52008