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As per the case facts a company's property including land building and plant machinery was sold in an auction The dispute arose regarding stamp duty and whether the plant and
...machinery should be considered immovable property for valuation and if the purchaser was entitled to certain exemptions The reason for the appeal to the Supreme Court was to clarify the valuation of the property specifically regarding plant and machinery as immovable property and the applicability of stamp duty exemptions The question arose whether plant and machinery should be considered immovable property for the purpose of stamp duty and whether the purchaser was entitled to the benefit of specific stamp duty exemptions Finally the Supreme Court allowed the appeal in part setting aside the impugned judgment and restoring the learned Single Judge's judgment with a modification The Court ruled that the second appellant the authority should ascertain the value of plant and machinery based on it being an immovable property as understood in law It also directed the second appellant to consider whether the first respondent was entitled to the benefit of the stamp duty exemption and to provide it if legally applicable This clarifies that plant and machinery when
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