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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Disallowance of expenses for obtaining ISO certificates - ...


ISO Certification Costs Classified as Revenue Expenditure Due to Lack of Enduring Asset Creation Evidence by AO and CIT(A.

June 8, 2016

Case Laws     Income Tax     AT

Disallowance of expenses for obtaining ISO certificates - revenue or capital expenditure - Neither the AO nor CIT(A) has established on record that by obtaining the certificate, the assessee created any asset of enduring nature - held as revenue in nature - AT

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