https://www.taxtmi.com/caselaws?id=16964 The court held that bottles and shells used in the business of manufacturing and distributing soft drinks were considered "plant" under the Income-tax Act, 1961. The assessee was entitled to 100% depreciation on these items as they were essential tools for the business and not stock-in-trade. The court emphasized that durability varies based on usage and handling, rejecting the Revenue's argument against depreciation. The decision affirmed the Tribunal's ruling, granting the assessee both classifications and depreciation benefits, with costs not awarded. en-us Fri, 13 Feb 1998 00:00:00 +0530 Mon, 14 Sep 2009 12:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16964 The court held that bottles and shells used in the business of manufacturing and distributing soft drinks were considered "plant" under the Income-tax Act, 1961. The assessee was entitled to 100% depreciation on these items as they were essential tools for the business and not stock-in-trade. The court emphasized that durability varies based on usage and handling, rejecting the Revenue's argument against depreciation. The decision affirmed the Tribunal's ruling, granting the assessee both classifications and depreciation benefits, with costs not awarded. Case-Laws Income Tax Fri, 13 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16964