https://www.taxtmi.com/caselaws?id=29230 Specific or ascertained goods sold under an integrated contract pass on the contract date where the agreement shows no intention to postpone transfer of property. Here, the sale of standing rose-wood trees was treated as one transaction for a single price, and the instalment schedule was held to govern payment only. Clauses requiring permission to fell and remove the trees, and the seller's assistance, were treated as ancillary to transferability, not as conditions delaying sale. Applying sections 19 and 20 of the Sale of Goods Act, 1930, the Court held that title passed on execution of the agreement, so the full consideration was taxable as capital gains in the relevant year. en-us Tue, 08 Jul 1980 00:00:00 +0530 Thu, 11 Mar 2010 15:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29230 Specific or ascertained goods sold under an integrated contract pass on the contract date where the agreement shows no intention to postpone transfer of property. Here, the sale of standing rose-wood trees was treated as one transaction for a single price, and the instalment schedule was held to govern payment only. Clauses requiring permission to fell and remove the trees, and the seller's assistance, were treated as ancillary to transferability, not as conditions delaying sale. Applying sections 19 and 20 of the Sale of Goods Act, 1930, the Court held that title passed on execution of the agreement, so the full consideration was taxable as capital gains in the relevant year. Case-Laws Income Tax Tue, 08 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29230