https://www.taxtmi.com/caselaws?id=18269 The Patna HC held that bottles and containers used in a beverage business fell within the statutory meaning of "plant" under the Income-tax Act, read with the depreciation provisions. Applying the Supreme Court's exposition of "plant" and following other High Court decisions, the Court treated the items as business assets eligible for depreciation. As the individual cost of the bottles was below the prescribed limit, cent per cent depreciation was allowable on the purchases. The reference was accordingly answered in favour of the assessee and against the Revenue. en-us Wed, 24 Apr 1996 00:00:00 +0530 Tue, 29 Sep 2009 17:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18269 The Patna HC held that bottles and containers used in a beverage business fell within the statutory meaning of "plant" under the Income-tax Act, read with the depreciation provisions. Applying the Supreme Court's exposition of "plant" and following other High Court decisions, the Court treated the items as business assets eligible for depreciation. As the individual cost of the bottles was below the prescribed limit, cent per cent depreciation was allowable on the purchases. The reference was accordingly answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Wed, 24 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18269