https://www.taxtmi.com/caselaws?id=794985 Capital gains on land included in a slump sale of an entire undertaking are taxable under Section 50B in the year of that slump sale. Where the land was specifically transferred as part of a going concern for lump-sum consideration and its gain was included in the earlier Section 50B computation, subsequent registration of a conveyance deed merely formalises title to that asset. Treating the registration as a separate taxable transfer would duplicate taxation of the same transfer. Accordingly, no separate capital gain arose on registration of the conveyance deed in the later assessment year, and the proposed addition was deleted. 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 on land included in a slump sale of an entire undertaking are taxable under Section 50B in the year of that slump sale. Where the land was specifically transferred as part of a going concern for lump-sum consideration and its gain was included in the earlier Section 50B computation, subsequent registration of a conveyance deed merely formalises title to that asset. Treating the registration as a separate taxable transfer would duplicate taxation of the same transfer. Accordingly, no separate capital gain arose on registration of the conveyance deed in the later assessment year, and the proposed addition was deleted. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794985