1. Badges of trade are used to determine whether an income derived is a business trading income or not. Discuss the main criteria derived from case law decisions that are used to distinguish trading income. 2. Ahmad acquired a piece of agriculture land located at Hulu Langat in 2000 for RM155 thousand. He intended to develop the land into a residential housing area. However, he had been unable to do so due to the failure to obtain the title to the land. In the meantime, he derived sales from papaya and banana fruits amounted to RM10,000. The land was compulsorily acquired by the government in 2020 for a new proposed water dam and he was paid a compensation of RM2 million. State with reasons, whether the compensation and the receipts derived from the sale of fruits are business income. 3. Discuss with examples on the assessable of receipts listed below: a. Receipts in cash for goods sold or services rendered b. All debts arising of past sales or services c. Receipts in kind d. Recovery of bad debts e. Insurance recovery for loss of profit. 4. The determination of capital and revenue expenditure depends on the facts of each case. Discuss on the various test used: a. "Once and for All" b. "Enduring Benefit" c. "Identifiable Asset" d. "Fixed Versus Circulating Capital" e. "Business Entity"