https://www.taxtmi.com/caselaws?id=24625 Whether bottles and shells used in a softdrink business qualify as plant for depreciation under section 32(1)(ii) was decided by reference to function and durability: because bottles and shells are not stockintrade, are returned after use, perform an essential trade function jointly with the contents, and have sufficient useful life, they meet the functional and durability tests for plant. Analogies to silos and gas cylinders support treating returnable containers as plant. Outcome: depreciation allowance held admissible for bottles and shells in favour of the assessee, against the revenue. en-us Fri, 29 Apr 1988 00:00:00 +0530 Tue, 03 Feb 2026 17:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24625 Whether bottles and shells used in a softdrink business qualify as plant for depreciation under section 32(1)(ii) was decided by reference to function and durability: because bottles and shells are not stockintrade, are returned after use, perform an essential trade function jointly with the contents, and have sufficient useful life, they meet the functional and durability tests for plant. Analogies to silos and gas cylinders support treating returnable containers as plant. Outcome: depreciation allowance held admissible for bottles and shells in favour of the assessee, against the revenue. Case-Laws Income Tax Fri, 29 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24625