https://www.taxtmi.com/highlights?id=64479 Depreciation u/s 32 - scope of the term "Plant" - bottles and crates appellant-assessee uses in the course of carrying out its business can be treated as plant within the meaning of Section 32(1)(i) - merely because the bottles and crates do not fall under the categories listed in Item 2 of the Schedule, it cannot be said that they need to be excluded from the definition of “Plant”, if they, otherwise fall within the definition of “Plant”. - HC en-us Thu, 07 Jul 2022 10:56:56 +0530 Thu, 07 Jul 2022 10:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64479 Depreciation u/s 32 - scope of the term "Plant" - bottles and crates appellant-assessee uses in the course of carrying out its business can be treated as plant within the meaning of Section 32(1)(i) - merely because the bottles and crates do not fall under the categories listed in Item 2 of the Schedule, it cannot be said that they need to be excluded from the definition of “Plant”, if they, otherwise fall within the definition of “Plant”. - HC Highlights Income Tax Thu, 07 Jul 2022 10:56:56 +0530 https://www.taxtmi.com/highlights?id=64479