W/o if preliminary expenses u/n 35d

This query is : Resolved

CA Prabhash Choudhary (Querist)
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30 June 2012 Dear Sir,
We stared our business and generate income form 2008 on wards but we fail to written off preliminary exps. since 31.03.2012 is fifth year, can we claim or w/o whole expenses during the year i.e. 31.03.2012.

Please give refer of any case law (if possible).

Thanks

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 July 2012 Can w/off entire amount for accounting purpose whereas for income tax purpose conditions as in section 35D(1)has to be necessarily followed meaning thereby whole amount can't be written off.