https://www.taxtmi.com/caselaws?id=164170 An air-conditioning and cold storage plant leased with hotel assets was treated as movable property because the lease documents and memorandum of understanding separately described it as a movable asset, contemplated its surrender on expiry, and reserved the lessor's right to dispose of it. The Court applied the principle that mere fastening to the earth for operational efficiency does not make an installation immovable if it remains capable of removal, transfer, and sale. The levy under section 3F of the U.P. Trade Tax Act was therefore upheld. en-us Thu, 29 Jul 2010 00:00:00 +0530 Tue, 30 Sep 2014 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164170 An air-conditioning and cold storage plant leased with hotel assets was treated as movable property because the lease documents and memorandum of understanding separately described it as a movable asset, contemplated its surrender on expiry, and reserved the lessor's right to dispose of it. The Court applied the principle that mere fastening to the earth for operational efficiency does not make an installation immovable if it remains capable of removal, transfer, and sale. The levy under section 3F of the U.P. Trade Tax Act was therefore upheld. Case-Laws VAT and Sales Tax Thu, 29 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164170