2000 (8) TMI 12

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....ion 256(2) of the Income-tax Act, 1961, in which the following question is sought to be referred to us for our opinion: "Whether the wooden shells and crates/bottles are plant rather than a part of stock-in-trade of packing materials?" The assessee is in the business of bottling of soft drinks and for this purpose it uses wooden shells and crates/bottles on which it claims depreciation. The sta....