https://www.taxtmi.com/caselaws?id=202030 The High Court partially upheld the addition of Rs. 31,30,840 for accretion to bottle deposits. The treatment of beer bottles as plant was in favor of the assessee. However, the claimed capital loss of Rs. 5,10,53,280 on shares was disallowed. The taxability of the non-competition fee was remanded for fresh consideration, and the Tribunal was directed to reassess its jurisdiction on the compensation issue. The classification of the non-competition fee as a capital asset or revenue receipt was also remanded for fresh adjudication. The appeal was allowed in part, with each party bearing its own costs. en-us Mon, 15 Feb 2010 00:00:00 +0530 Wed, 02 Jan 2013 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202030 The High Court partially upheld the addition of Rs. 31,30,840 for accretion to bottle deposits. The treatment of beer bottles as plant was in favor of the assessee. However, the claimed capital loss of Rs. 5,10,53,280 on shares was disallowed. The taxability of the non-competition fee was remanded for fresh consideration, and the Tribunal was directed to reassess its jurisdiction on the compensation issue. The classification of the non-competition fee as a capital asset or revenue receipt was also remanded for fresh adjudication. The appeal was allowed in part, with each party bearing its own costs. Case-Laws Income Tax Mon, 15 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202030