https://www.taxtmi.com/caselaws?id=14589 The High Court of Delhi upheld the Tribunal's decision that each bottle given on lease constituted a plant for depreciation purposes under section 260A of the Income-tax Act, 1961 for the assessment year 1987-88. The court rejected the Revenue's argument that only bulk purchases should be considered as plants, ruling that even individual bottles could qualify as plants for depreciation. The appeal challenging the rate of depreciation on the bottles was dismissed as no substantial question of law arose from the Tribunal's order. en-us Tue, 29 Aug 2000 00:00:00 +0530 Fri, 17 Jul 2009 13:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14589 The High Court of Delhi upheld the Tribunal's decision that each bottle given on lease constituted a plant for depreciation purposes under section 260A of the Income-tax Act, 1961 for the assessment year 1987-88. The court rejected the Revenue's argument that only bulk purchases should be considered as plants, ruling that even individual bottles could qualify as plants for depreciation. The appeal challenging the rate of depreciation on the bottles was dismissed as no substantial question of law arose from the Tribunal's order. Case-Laws Income Tax Tue, 29 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14589