https://www.taxtmi.com/caselaws?id=20897 Title to specific movable goods passes when the parties intend it to pass under Section 19 of the Sale of Goods Act, 1930, and a contractual stipulation making transfer subject to statutory approval postpones completion until that approval is granted. The document explains that where the agreement required the Registrar of Newspapers' sanction and the consideration was fixed only later, delivery alone did not complete the sale. On that footing, the transfer was treated as concluded only on the date of sanction, with the result that the asset was held for more than 36 months and the capital gain was long-term. en-us Fri, 06 Nov 1992 00:00:00 +0530 Tue, 17 Nov 2009 18:31:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20897 Title to specific movable goods passes when the parties intend it to pass under Section 19 of the Sale of Goods Act, 1930, and a contractual stipulation making transfer subject to statutory approval postpones completion until that approval is granted. The document explains that where the agreement required the Registrar of Newspapers' sanction and the consideration was fixed only later, delivery alone did not complete the sale. On that footing, the transfer was treated as concluded only on the date of sanction, with the result that the asset was held for more than 36 months and the capital gain was long-term. Case-Laws Income Tax Fri, 06 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20897