Tags : Finance (No. 2) Act, 2014 inserted Section 56(2)(ix) w.e.f. 01.04.2015. Section 56(2)(ix) provides for taxation of advance received towards sale of capital asset, which is subsequently forfeited. The section reads as follows: “In particular, and without prejudice to the generality of the provisions of sub-section (1), the following incomes, shall be chargeable to […]