https://www.taxtmi.com/caselaws?id=172493 Where plant and machinery are permanently embedded in the earth and the transaction, read as a whole, transfers a business as a going concern, the machinery may be treated as immovable property conveyed under the deed and included in the stamp-duty value. The decisive test is the intention behind the embedding and the manner of transfer, not merely the separate identity of the equipment. Valuation accepted by the revenue authorities was also treated as a factual determination based on relevant material, and was not interfered with absent prejudice, arbitrariness, or lack of evidence. en-us Mon, 10 Jan 2005 00:00:00 +0530 Tue, 01 Dec 2015 21:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172493 Where plant and machinery are permanently embedded in the earth and the transaction, read as a whole, transfers a business as a going concern, the machinery may be treated as immovable property conveyed under the deed and included in the stamp-duty value. The decisive test is the intention behind the embedding and the manner of transfer, not merely the separate identity of the equipment. Valuation accepted by the revenue authorities was also treated as a factual determination based on relevant material, and was not interfered with absent prejudice, arbitrariness, or lack of evidence. Case-Laws Indian Laws Mon, 10 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172493