Regarding to Relinquishment of Rights
This query is : Open
25 June 2025
Mr. X has a plot in his books of accounts which was shown as stock in trade. Now, If Mr. X has relinquished their rights against his relative of this plot. Is it valid?
1. It should be treated as capital gain or stock in trade?
1. It should be treated as capital gain or stock in trade?
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