Disallowance of design expenses - deferred expenditure - When ...

Design Expenses Essential for Project Start, Not Deferred Revenue; No Extra Tax Adjustments Needed.

July 17, 2019

Case Laws Income Tax AT

Disallowance of design expenses - deferred expenditure - When the design is approved only then the execution of the work would start, therefore, design charges shall have to be incurred once for start of the execution of the project. Therefore, it could not be treated as deferred revenue expenditure in nature - No additions.

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Disallowance of design expenses - deferred expenditure - When ...

Design Expenses Essential for Project Start, Not Deferred Revenue; No Extra Tax Adjustments Needed.

July 17, 2019

Case Laws Income Tax AT

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