2000 (3) TMI 7 - SCH - Income Tax

Whether, on the facts and in the circumstances of the case, the Tribunal was justified in treating the bottles used in liquor business as plant - Without expressing any opinion on the merits of the case, we direct the Tribunal to state the case and refer the above question of law to the High Court

Summary

The Supreme Court granted special leave and directed the Tribunal to refer a question of law to the High Court regarding the treatment of bottles used in liquor business as plant. The appeal was allowed.