Stamp Duty on Immovable Property: Sale Deeds Include Plant & Machinery if Permanently Embedded, Clarifies Indian Law.

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Full Text of the Document

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....Stamp duty - Asserting value of immovable property - Comprehensive sale of all the assets and, in a single transaction - the sale deed operated to convey the rights over the plant and machinery as well, which was comprised in the land scheduled in the sale deed. As far as the plant and machinery is concerned, it must, however, be only such plant and machinery, which was permanently embedded to the earth and answering the description of the immovable property as defined. - SC....