https://www.taxtmi.com/caselaws?id=24873 The High Court of Rajasthan ruled in favor of the assessee, a soft drink manufacturer, in a case regarding the classification of bottles and shells used in bottling soft drinks as 'Plant' under section 43(3) of the Income-tax Act, 1961. The court held that these items qualified as 'Plant' based on their essential role in the manufacturing process, following precedents that interpreted 'plant' broadly to include necessary business apparatus. Consequently, the assessee was allowed to claim depreciation and development rebate on bottles and shells. en-us Tue, 22 Sep 1987 00:00:00 +0530 Fri, 22 Jan 2010 18:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24873 The High Court of Rajasthan ruled in favor of the assessee, a soft drink manufacturer, in a case regarding the classification of bottles and shells used in bottling soft drinks as 'Plant' under section 43(3) of the Income-tax Act, 1961. The court held that these items qualified as 'Plant' based on their essential role in the manufacturing process, following precedents that interpreted 'plant' broadly to include necessary business apparatus. Consequently, the assessee was allowed to claim depreciation and development rebate on bottles and shells. Case-Laws Income Tax Tue, 22 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24873