https://www.taxtmi.com/caselaws?id=70711 The Tribunal condoned the delay in filing the appeal due to circumstances explained by the assessee's counsel. Regarding the sale of a truck, possession transfer was deemed as the transfer of the capital asset, leading to a short-term capital gain assessment upheld by the Tribunal. The judgment emphasized that possession transfer signifies the completion of the transfer, regardless of payment terms, aligning with the interpretation of movable property transfers. en-us Fri, 01 Oct 1982 00:00:00 +0530 Mon, 18 Apr 2011 17:06:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70711 The Tribunal condoned the delay in filing the appeal due to circumstances explained by the assessee's counsel. Regarding the sale of a truck, possession transfer was deemed as the transfer of the capital asset, leading to a short-term capital gain assessment upheld by the Tribunal. The judgment emphasized that possession transfer signifies the completion of the transfer, regardless of payment terms, aligning with the interpretation of movable property transfers. Case-Laws Income Tax Fri, 01 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70711