Dismissing the appeal of the revenue the Court held that ; Sale of bottles and crates was not revenue receipts, sale proceeds to be reduced from block of assets . ( AY. 1998-99)
CIT v. Parle Soft Drinks (Bangalore Pvt. Ltd. (2018) 400 ITR 108 / 161 DTR 86 / 252 Taxman 147/ 161 DTR 86 / 300 CTR 415/ (2017) 88 Taxmann.com 24 (Bom) (HC) CIT v.Parle Bottling Pvt Ltd (2018) 400 ITR 108/ 161 DTR 86 / 252 Taxman 147 / 300 CTR 415 (Bom) (HC) Editorial ; Order in Parle Soft Drinks P. Ltd. v. JCIT ( 2013) 27 ITR 663 ( Mum) (Trib) is affirmed.Editorial: SLP of revenue is dismissed , CIT v. Parle Soft Drinks (Bangalore Pvt. Ltd. (2018) 258 Taxman 61 (SC)
S. 32: Depreciation — Block of assets — Sale of bottles and crates was not revenue receipts, sale proceeds to be reduced from block of assets [ S. 2(11), 43(5) ]