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Jewellery Design Charges are revenue in nature, Income Tax

Issue Id: - 109589
Dated: 22-12-2015
By:- Kamal Agarwal

Jewellery Design Charges are revenue in nature


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The assessee is a in the business of manufacturing of Jewellery. The charges paid for the designing of the jewellery were held as Capital Expenditure so disallowed. Whereas, the assessee is in the business, where designing of the product kept changing very frequently. No enduring nature of the expenses of the assessee, nor any asset is came into being

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 22-12-2015
By:- Ganeshan Kalyani
It is a revenue expenditure.

2 Dated: 23-12-2015
By:- MARIAPPAN GOVINDARAJAN

Jewelly is not a capital to the assessee. The jewels are to be sold to the ultimate consumers. Therefore the charges paid for the designing of the jewellery are only revenue expenditure.


Page: 1

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