Assertion: Immovable property includes lands, buildings and benefits arising out of land and things attached to the earth.
Reasoning: Under Section 3 of the Transfer of Property Act 1882, immovable property also include standing timber, growing crops or grass.

Assertion (A) is true but Reasoning (R) is not correct.

Under Section 3 of the Transfer of Property Act 1882, immovable property does not include standing timber, growing crops or grass. Immovable property includes lands, buildings and benefits arising out of land and things attached to the earth. In simple words, any property that is attached to the earth and cannot be transferred from one place to another is called immovable property.