SEO Sai Gr. Hosp.
196557 Points
Joined July 2016
"However the Budget 2016 provides that where an eligible assessee declares profit for any previous year under Sec 44AD and the elegible assessee has not declared income u/s 44AD in any of the five consecutive assessment years succeeding the assessment year in which the income was declared u/s 44AD, , then he shall not be eligible to claim the benefit of declaring the income on presumptive basis u/s 44AD for five assessment years subsequent to the assessment year in which the profit has not been declared under sec 44AD.This limitation will take effect from F.Y. 2016-17"
Simple interpretation is the disallowance is for subsequent years.
So, in your case, it will not be disallowed for preceeding year 2017-18.