Which of the following statement (s) is/are correct in the context of Transfer of Property Act ?
Answer & explanation
Correct answer: option 3
In Shanta Bai v. State of Bombay (1958 SC 532), the distinction between movable and immovable property was observed. If the intention is to reap fruits from the trees, then it is regarded as an immovable property. But if the intention is to cut down the tree and use it as timber, it would be regarded as movable property.