https://www.taxtmi.com/caselaws?id=49645 A sale deed must be construed according to its own terms, and where the documents show separate arrangements for immovable property and movables with separate prices, only the property actually conveyed passes under the deed. Here, the deed conveyed only the immovable properties in part 1 of the schedule; the fixtures and movables described in part 2 were intended to pass separately by delivery and did not form part of the transfer. Capital gains tax under section 12B was therefore confined to the immovable properties transferred under the deed. en-us Tue, 23 Sep 1958 00:00:00 +0530 Fri, 05 Sep 2014 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49645 A sale deed must be construed according to its own terms, and where the documents show separate arrangements for immovable property and movables with separate prices, only the property actually conveyed passes under the deed. Here, the deed conveyed only the immovable properties in part 1 of the schedule; the fixtures and movables described in part 2 were intended to pass separately by delivery and did not form part of the transfer. Capital gains tax under section 12B was therefore confined to the immovable properties transferred under the deed. Case-Laws Income Tax Tue, 23 Sep 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49645