The High Court of Gujrat has agreed with agree with the view of ITAT

 The High Court of Gujrat has agreed with agree with the view of ITAT

The High Court of Gujrat has agreed with agree with the view of ITAT that the CIT(A) was justified in treating the entire amount as revenue in nature. We find that making of payments towards obtaining ISO Certificate in no manner touches the fixed capital of the company though it may create a positive image for particular product of the assessee company which may ultimately smooth the conduct of the business of the assessee company. However, the same in no manner actually adds to any gain in the fixed capital of the company. (Tax Appeal No 130/2022)



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