https://www.taxtmi.com/caselaws?id=30270 The court ruled in favor of the assessee on all issues, affirming that the Income-tax Appellate Tribunal was correct in allowing the change in accounting method and classifying bottles and crates as 'plant'. It was determined that bottles and crates should be treated as 'plant' and not stock-in-trade. The court also held that the assessee was entitled to change its accounting method and was eligible for the benefit under section 37(3D) for advertisement expenses on launching a new product. No order was made regarding costs. en-us Fri, 16 Nov 2007 00:00:00 +0530 Thu, 21 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30270 The court ruled in favor of the assessee on all issues, affirming that the Income-tax Appellate Tribunal was correct in allowing the change in accounting method and classifying bottles and crates as 'plant'. It was determined that bottles and crates should be treated as 'plant' and not stock-in-trade. The court also held that the assessee was entitled to change its accounting method and was eligible for the benefit under section 37(3D) for advertisement expenses on launching a new product. No order was made regarding costs. Case-Laws Income Tax Fri, 16 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30270