{"id":58119,"date":"2026-01-10T09:55:57","date_gmt":"2026-01-10T04:25:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-natroyal-industries-p-ltd-2024-159-taxmann-com-448-bom-hc-2\/"},"modified":"2026-01-10T09:55:57","modified_gmt":"2026-01-10T04:25:57","slug":"pcit-v-natroyal-industries-p-ltd-2024-159-taxmann-com-448-bom-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-natroyal-industries-p-ltd-2024-159-taxmann-com-448-bom-hc-2\/","title":{"rendered":"PCIT v. Natroyal Industries (P.) Ltd. [2024] 159 taxmann.com 448 (Bom.) (HC)"},"content":{"rendered":"<p>The High Court held that where the assessee transferred its business undertaking on a slump sale basis as a going concern for monetary consideration, the resultant gain was correctly computed as long-term capital gain under section 50B. The Assessing Officer&#8217;s attempt to tax it as business income under section 28(iv) was held to be incorrect, as that provision does not apply where consideration is received in money. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50B : Capital gains-Slump sale-Gain from transfer of an undertaking as a going concern is assessable as capital gain and not as business income. [S. 28(i), 28(iv) 45, 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-58119","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-f7p","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=58119"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58119\/revisions"}],"predecessor-version":[{"id":58120,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58119\/revisions\/58120"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}