Value of broken bottles need not be reduced from WDV to calculate STCG

1. This Tax Case Appeal is filed at the instance of the Income Tax Department in relation to the assessment year 1999- 200.

2. The Assessee/ Respondent is engaged in the manufacture of Soft drinks under a franchise from Coco Cola. It had two bottling plants, Unit I at Poonamallee High Road, Arumbakkam and Unit II at Pulianthope, Trivellore District, Nemam. The assessee, in the previous year relevant to the present assessment year, entered into an arrangement for transfer of its entire soft drinks and beverage undertaking as a

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