https://www.taxtmi.com/acts?id=18652 The amendment inserts clause (ix) into section 56(2) to provide that any sum received as an advance or otherwise during negotiations for transfer of a capital asset, if forfeited and the negotiations do not result in transfer, shall be chargeable to income-tax under the head income from other sources; the provision takes effect from the stated commencement and applies to assessments for the operative period following commencement. en-us Fri, 11 Jul 2014 15:57:41 +0530 Fri, 11 Jul 2014 15:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18652 The amendment inserts clause (ix) into section 56(2) to provide that any sum received as an advance or otherwise during negotiations for transfer of a capital asset, if forfeited and the negotiations do not result in transfer, shall be chargeable to income-tax under the head income from other sources; the provision takes effect from the stated commencement and applies to assessments for the operative period following commencement. Act-Rules Bills Fri, 11 Jul 2014 15:57:41 +0530 https://www.taxtmi.com/acts?id=18652