Section 35D-Amortization of market research expense as preliminary expenses

Bare perusal of the provisions contained under section 35D invoked by the assessing officer to amortize expenses incurred on market research goes to prove that the expenses must be incurred before commencement of the business or after commencement of the business but where there is an extension of undertaking or setting up of a new unit. In the instant case, assessing officer has not made out any case if the assessee has incurred the expenses after the commencement of business in connection with the extension of his undertaking or in connection with its setting up a new unit. Moreover, marketi...