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Relinguishment and extinguishment of Capital asset

Raj Shah (2 Points)

27 February 2018

what is relinguishment and extinguishment of Capital asset? give Examples of the same .

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sankalp sharma (student) (118 Points)
Replied 27 February 2018

relinquishment means sacrifice or forgone any asset for eg. transfer of asset on will (although not a transfer u/s 47 but it is transfer as per definition)
and other one is extinguishment of right and not extinguishment og asset which means destruction of right for eg. redemption of preference share

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