https://www.taxtmi.com/caselaws?id=787872 For a real estate developer, stock-in-trade is taxed when the transaction is effectively completed through receipt of consideration and handing over of possession, not merely when an assignment deed is later registered. The discussion notes that the agreement for sale was executed in 2013, substantial consideration was received before execution and the balance before 31.03.2014, and possession was delivered in financial year 2013-14. On those facts, registration in assessment year 2018-19 did not by itself trigger business income, and section 43CA could not sustain an addition where no fresh transfer of stock-in-trade occurred in that year. en-us Mon, 16 Feb 2026 00:00:00 +0530 Fri, 13 Mar 2026 08:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787872 For a real estate developer, stock-in-trade is taxed when the transaction is effectively completed through receipt of consideration and handing over of possession, not merely when an assignment deed is later registered. The discussion notes that the agreement for sale was executed in 2013, substantial consideration was received before execution and the balance before 31.03.2014, and possession was delivered in financial year 2013-14. On those facts, registration in assessment year 2018-19 did not by itself trigger business income, and section 43CA could not sustain an addition where no fresh transfer of stock-in-trade occurred in that year. Case-Laws Income Tax Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787872