alleryStart learning →Besides forfeiture, what else makes clause (ix) apply?
AThe asset must be agricultural land
BThe sum must exceed fifty thousand
CNegotiations must not end in transfer
DThe buyer must be a company
Answer & Solution
Correct answer: C. Negotiations must not end in transfer
Clause (ix) bites only when the advance is forfeited and the talks do not result in the capital asset actually being transferred.
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