https://www.taxtmi.com/caselaws?id=294722 Section 263 revision is not justified where the Assessing Officer has made enquiries, applied his mind, and adopted a legally permissible view on the allowability of medical conference expenses under section 37. The Tribunal noted that disallowances were already made for sales promotion and freebies to doctors in line with the CBDT circular and MCI regulations, and that the Principal Commissioner could not invoke revision merely to seek a different view or further enquiry. It also accepted that an earlier Tribunal view allowing similar expenditure remained a possible view and could not be disregarded for revisionary action. The revision order was therefore quashed in favour of the assessee. en-us Fri, 07 Dec 2018 00:00:00 +0530 Thu, 29 Apr 2021 20:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294722 Section 263 revision is not justified where the Assessing Officer has made enquiries, applied his mind, and adopted a legally permissible view on the allowability of medical conference expenses under section 37. The Tribunal noted that disallowances were already made for sales promotion and freebies to doctors in line with the CBDT circular and MCI regulations, and that the Principal Commissioner could not invoke revision merely to seek a different view or further enquiry. It also accepted that an earlier Tribunal view allowing similar expenditure remained a possible view and could not be disregarded for revisionary action. The revision order was therefore quashed in favour of the assessee. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294722