https://www.taxtmi.com/caselaws?id=424779 The High Court upheld the decision that ISO Certification expenditure should be treated as revenue expenditure and the subsidy received by the assessee as capital in nature. The Court found that both expenses did not enhance fixed capital but rather facilitated business operations and were for infrastructure upgradation, respectively. The appeal was dismissed as no substantial legal question was identified for further consideration under Section 260A of the Act. en-us Mon, 24 Jan 2022 00:00:00 +0530 Mon, 22 Aug 2022 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424779 The High Court upheld the decision that ISO Certification expenditure should be treated as revenue expenditure and the subsidy received by the assessee as capital in nature. The Court found that both expenses did not enhance fixed capital but rather facilitated business operations and were for infrastructure upgradation, respectively. The appeal was dismissed as no substantial legal question was identified for further consideration under Section 260A of the Act. Case-Laws Income Tax Mon, 24 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424779