https://www.taxtmi.com/caselaws?id=308396 Windmill machinery permanently fixed to land and transferred as part of a composite sale assumes the character of immovable property for stamp duty purposes. The controlling test is the nature, object and intention of annexation: machinery rooted in or embedded in the earth, or attached to embedded property for the land's permanent beneficial enjoyment, is immovable where it cannot exist independently of the property. Stamp duty must be determined from the sale deed presented for registration, and collateral arrangements cannot exclude the windmill's value from the transaction. Accordingly, stamp duty applies to the value of windmill machinery described in the registered sale deed with the land. en-us Tue, 24 Apr 2018 00:00:00 +0530 Thu, 22 Jun 2023 19:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308396 Windmill machinery permanently fixed to land and transferred as part of a composite sale assumes the character of immovable property for stamp duty purposes. The controlling test is the nature, object and intention of annexation: machinery rooted in or embedded in the earth, or attached to embedded property for the land's permanent beneficial enjoyment, is immovable where it cannot exist independently of the property. Stamp duty must be determined from the sale deed presented for registration, and collateral arrangements cannot exclude the windmill's value from the transaction. Accordingly, stamp duty applies to the value of windmill machinery described in the registered sale deed with the land. Case-Laws Indian Laws Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308396