https://www.taxtmi.com/caselaws?id=110669 A sale of company property in liquidation by sealed tender, followed by a deed executed by the official liquidator, was treated as a conveyance rather than a sale certificate because article 18 of Schedule IB applies only where the seller is legally empowered both to sell by public auction and to issue a sale certificate; the instrument was therefore chargeable under article 23. On valuation, the revenue authority could not direct technical assessment of plant and machinery without first deciding the preliminary objection whether that value could be clubbed with the land for stamp purposes. That valuation direction was set aside to that extent and the matter was remanded for fresh decision. en-us Thu, 08 Apr 2004 00:00:00 +0530 Wed, 18 Apr 2012 11:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110669 A sale of company property in liquidation by sealed tender, followed by a deed executed by the official liquidator, was treated as a conveyance rather than a sale certificate because article 18 of Schedule IB applies only where the seller is legally empowered both to sell by public auction and to issue a sale certificate; the instrument was therefore chargeable under article 23. On valuation, the revenue authority could not direct technical assessment of plant and machinery without first deciding the preliminary objection whether that value could be clubbed with the land for stamp purposes. That valuation direction was set aside to that extent and the matter was remanded for fresh decision. Case-Laws Companies Law Thu, 08 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110669