Explanation In this sub section (i) "Purchase price of the undertaking of the company" means the aggregate of the prices of the different parts of the undertaking of the company at the respective dates on which parts were purchased, acquired or constructed by the Company; (ii) "net income of the undertaking of the Company" means the difference between the amount of gross revenue, receipts and other general receipts, accountable in the assessment of Indian Income tax arising from, and ancillary or incidental to, the business of the company and the amount of expenditure incurred on the following 622 (a) rents, rates and taxes, (b) interest on loans and security deposits, (c) maintenance and repair, (d) collection charges, (e) cost of management, including the remuneration of managing agents, if any, (f) other expenses admissible under the law for the time being in force in the assessment of Indian income tax and arising from, and ancillary or incidental to, the business of the Company, and (g) such other expenses as may be prescribed by rules made under this Act".