https://www.taxtmi.com/caselaws?id=172492 Embedded plant and machinery are treated as immovable property when, on the facts and the parties' intention, they are permanently fixed as part of a going concern rather than kept for temporary use or separate sale. On that basis, the fertilizer undertaking was transferred with its plant and machinery under the conveyance deed, and their value was correctly included for stamp duty. Valuation by the revenue authorities was also upheld because it was based on the enquiry process, technical valuation material, and evidence produced by the transferee, with no arbitrariness or prejudice shown to justify interference. en-us Fri, 03 Dec 1999 00:00:00 +0530 Thu, 18 Oct 2018 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172492 Embedded plant and machinery are treated as immovable property when, on the facts and the parties' intention, they are permanently fixed as part of a going concern rather than kept for temporary use or separate sale. On that basis, the fertilizer undertaking was transferred with its plant and machinery under the conveyance deed, and their value was correctly included for stamp duty. Valuation by the revenue authorities was also upheld because it was based on the enquiry process, technical valuation material, and evidence produced by the transferee, with no arbitrariness or prejudice shown to justify interference. Case-Laws Indian Laws Fri, 03 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172492