https://www.taxtmi.com/caselaws?id=459250 Contemporaneous auction records, prior admissions and later correspondence showed that the sale was limited to movable assets, including plant, machinery and scrap, while land, buildings and other permanent structures were excluded. The purchaser's own earlier position supported that it had bought only movables and was entitled to remove only those items from the factory premises. The valuation report did not establish that the entire assessed asset base had been sold, and the finding that heavy machinery and sheds attached to the earth were immovable property was upheld. On that basis, no claim to the remaining assets beyond the delivered movables was sustainable. en-us Mon, 05 Sep 2011 00:00:00 +0530 Fri, 06 Dec 2024 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459250 Contemporaneous auction records, prior admissions and later correspondence showed that the sale was limited to movable assets, including plant, machinery and scrap, while land, buildings and other permanent structures were excluded. The purchaser's own earlier position supported that it had bought only movables and was entitled to remove only those items from the factory premises. The valuation report did not establish that the entire assessed asset base had been sold, and the finding that heavy machinery and sheds attached to the earth were immovable property was upheld. On that basis, no claim to the remaining assets beyond the delivered movables was sustainable. Case-Laws Companies Law Mon, 05 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459250