https://www.taxtmi.com/caselaws?id=11359 Wooden shells and crates/bottles used in bottling operations were treated as plant for depreciation purposes under the Income-tax Act, rather than as mere stock-in-trade packing materials. The reasoning of an earlier High Court decision on the same issue was followed, and the Tribunal's view was upheld as correct. On that basis, no referable question of law was found to arise, and the reference application under section 256(2) was rejected. en-us Wed, 16 Aug 2000 00:00:00 +0530 Fri, 07 Aug 2009 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11359 Wooden shells and crates/bottles used in bottling operations were treated as plant for depreciation purposes under the Income-tax Act, rather than as mere stock-in-trade packing materials. The reasoning of an earlier High Court decision on the same issue was followed, and the Tribunal's view was upheld as correct. On that basis, no referable question of law was found to arise, and the reference application under section 256(2) was rejected. Case-Laws Income Tax Wed, 16 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11359