Case Law Details
Case Name : Red Chillies Entertainment Pvt. Ltd. Vs Asstt. Commissioner of Income Tax (ITAT Mumbai)
Related Assessment Year : 2010–11
Courts :
All ITAT ITAT Mumbai
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Brief facts are, the assessee a company engaged in production of feature films and Television programs. For the assessment year under consideration, assessee filed its return of income on 30th September 2009, declaring loss of Rs. 5,84,57,272. During the assessment proceedings, the Assessing Officer noticed that assessee has debited an amount of Rs. 6,59,613 to the Profit & Loss account on account of certification expenses. He, therefore, called upon the assessee to justify the claim. In response to the query raised, it was submitted by the assessee that ISO 27001 and ISO 9001:2008 certif...
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The International Organization for Standardization (ISO) publishes ISO 9001, which is the most popular standard for implementing the quality management system (QMS) in an organization. It is agreed upon by all the member nations of ISO, which are a total of 165 countries, making this standard globally acceptable.