https://www.taxtmi.com/caselaws?id=300764 The Tribunal upheld the CIT(A)'s decision to disallow expenses on gifts/freebies to medical practitioners from 14.12.2009 onwards, in accordance with the prospective application of the amendment to the Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002. The expenses were found to violate public policy and law, specifically the Medical Council Act, rendering them non-allowable under Section 37(1) of the Income Tax Act. Both the assessee's and the Revenue's appeals were dismissed. en-us Mon, 29 Jan 2018 00:00:00 +0530 Wed, 23 Feb 2022 18:04:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300764 The Tribunal upheld the CIT(A)'s decision to disallow expenses on gifts/freebies to medical practitioners from 14.12.2009 onwards, in accordance with the prospective application of the amendment to the Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002. The expenses were found to violate public policy and law, specifically the Medical Council Act, rendering them non-allowable under Section 37(1) of the Income Tax Act. Both the assessee's and the Revenue's appeals were dismissed. Case-Laws Income Tax Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300764