Treatment of deferred revenue exp.

A publication house incurred expenditure on printing plates and designing of books and the books would be published for a maximum period of 5 years.

Now, whether this expense should be categorized as Deferred Revenue Expenditure or it should be treated as a capital asset.

 

If categorized as Deferred Revenue Expenditure then what would be the treatment as per Revised Schedule VI and Income Tax Act and if treated as Capital Asset then what would be the treatment as per Income Tax Act.