Held that the making of payments towards obtaining ISO certification in no manner touched the fixed capital of the assessee 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 certification in no manner actually added to any gain in the fixed capital of the company. Expenditure allowable as revenue expenditure. (AY. 2010-11)
CIT(E) v. Narmada Clean Tech Ltd. (2022) 446 ITR 366 (Guj.)(HC)
S. 37(1) : Business expenditure-Capital or revenue-Laying pipelines for treatment of effluents of different industries-Amount spent in getting ISO certification-Revenue expenditure.