Deputy Commissioner Of Income-Tax vs Asian Distributors Ltd. on 11 January, 2000
In support of his plea that s. 2(47)(v) of the IT Act envisages only transfer of complete legal possession and not part-possession and the transfer of complete legal possession is possible only in the case of a sale or any such contract, he also relied on the following decisions, 1992 AIR 346 Allahabad; and Ajai Kumar Sah Jagate vs. ITO (1995) 55 ITD 348 (Del).