https://www.taxtmi.com/caselaws?id=67585 The Tribunal partly allowed the assessee's appeals, dismissing departmental appeals. The compensation from Coca Cola Export Corporation was deemed taxable under section 41(2) of the Income Tax Act as a revenue receipt related to bottle destruction. The Tribunal upheld bottles and shells as plant and machinery eligible for depreciation. The matter was referred back for final disposal in line with the majority opinion. en-us Tue, 10 Nov 1987 00:00:00 +0530 Fri, 11 Mar 2011 14:27:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67585 The Tribunal partly allowed the assessee's appeals, dismissing departmental appeals. The compensation from Coca Cola Export Corporation was deemed taxable under section 41(2) of the Income Tax Act as a revenue receipt related to bottle destruction. The Tribunal upheld bottles and shells as plant and machinery eligible for depreciation. The matter was referred back for final disposal in line with the majority opinion. Case-Laws Income Tax Tue, 10 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67585