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Relinguishment and extinguishment of Capital asset
what is relinguishment and extinguishment of Capital asset? give Examples of the same .
Replies (1)
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
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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