ITAT allows section 10A Deduction on Income From Design Charges

Uni-Design Jewellery Pvt. Ltd Vs DCIT (ITAT Mumbai) Appellant had contended that Design Charges recovered are nothing but recovery of cost incurred by the Appellant. We note that on 11.03.2005 Unit-II of the Appellant had raised Debit Note for USD 30,000/- on Cavrois UNI-D SA towards product development, designing, and model making expenses incurred by the Appellant for developing designs. Thereafter on 25.05.2005, inward remittance of USD 30,000/-was received by the Appellant as per credit advise issued by the banker. The aforesaid income by way of Design Charges has been earned by Unit-II th...