https://www.taxtmi.com/caselaws?id=794985 Capital gains arising from a slump sale of an entire undertaking, including a specified immovable property, are computed under Section 50B in the year of the slump sale. Where the property was included in the transferred undertaking and the resulting gain was already taxed, a later registered conveyance deed that formalises title does not create a separate taxable transfer. Treating registration as a fresh event for capital gains purposes would result in double taxation of the same transfer. The article notes that the registration-based principles for standalone immovable-property transfers do not apply where the undisputed transaction was a transfer of a going concern through a slump sale. en-us Wed, 10 Jun 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794985 Capital gains arising from a slump sale of an entire undertaking, including a specified immovable property, are computed under Section 50B in the year of the slump sale. Where the property was included in the transferred undertaking and the resulting gain was already taxed, a later registered conveyance deed that formalises title does not create a separate taxable transfer. Treating registration as a fresh event for capital gains purposes would result in double taxation of the same transfer. The article notes that the registration-based principles for standalone immovable-property transfers do not apply where the undisputed transaction was a transfer of a going concern through a slump sale. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794985