Advance money forfeited - Section 56(2)(ix)

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....ance or otherwise in the course of negotiations for transfer of a capital asset, if, * such sum is forfeited and * the negotiations do not result in the transfer of such capital asset shall be ta....

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....DS OF THE BUYER * The amount paid by the buyer which has been forfeited, does not amount to relinquishment of a right and therefore would not be allowed to be claimed as a Capital Loss. * If the s....