https://www.taxtmi.com/caselaws?id=798553 Capital gains from independently registered sale deeds accrue in the respective assessment years of transfer, rather than collectively in one year. Reassessment may be sustained where returns were only processed under section 143(1) and subsequent scrutiny information indicates transfers in other years. Stamp-duty valuation, indexed cost and proportionate capital-gains computation require fresh factual examination. Deduction claims for eligible reinvestment may be considered in appellate proceedings despite no revised return. Tax relief is required to prevent the same capital gains being taxed twice across assessment years. Concealment penalties do not apply where transactions were disclosed, the year of taxability was debatable, and additions partly arose from deeming valuation. en-us Wed, 25 Mar 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798553 Capital gains from independently registered sale deeds accrue in the respective assessment years of transfer, rather than collectively in one year. Reassessment may be sustained where returns were only processed under section 143(1) and subsequent scrutiny information indicates transfers in other years. Stamp-duty valuation, indexed cost and proportionate capital-gains computation require fresh factual examination. Deduction claims for eligible reinvestment may be considered in appellate proceedings despite no revised return. Tax relief is required to prevent the same capital gains being taxed twice across assessment years. Concealment penalties do not apply where transactions were disclosed, the year of taxability was debatable, and additions partly arose from deeming valuation. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798553