Question 1 a) Tom is a builder, he bought an agricultural land near Senadin in 2009 for RM80,000. The purchase was financed by a bank loan. He did not develop the land nor did he advertised it for sale. In January 2011, he received an offer from a real estate company in which he had no interest). He sold part of the land to the company for RM80,000. Six months later, He sold the remainder of the land for RM120,000 to another real estate company in which he had a controlling interest. Required: Explain with reason, would the profit be considered as business income under S.4 of Income Tax Act? marks)