https://www.taxtmi.com/caselaws?id=424305 The Tribunal upheld the disallowance of tax deduction for referral commission paid to doctors by a stem cell banking company, citing violation of medical ethics and fiduciary duties. The appellant's argument that the payment was for services rendered was rejected, emphasizing that any inducement affecting medical advice is unethical and non-deductible under section 37(1) of the Income Tax Act, 1961. The Tribunal referred to relevant case law and upheld the decision that the referral fee breached the code of conduct for medical practitioners. The appeal was partly allowed for statistical purposes, with certain grounds dismissed and one remitted for further examination. en-us Fri, 20 May 2022 00:00:00 +0530 Mon, 27 Jun 2022 10:24:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424305 The Tribunal upheld the disallowance of tax deduction for referral commission paid to doctors by a stem cell banking company, citing violation of medical ethics and fiduciary duties. The appellant's argument that the payment was for services rendered was rejected, emphasizing that any inducement affecting medical advice is unethical and non-deductible under section 37(1) of the Income Tax Act, 1961. The Tribunal referred to relevant case law and upheld the decision that the referral fee breached the code of conduct for medical practitioners. The appeal was partly allowed for statistical purposes, with certain grounds dismissed and one remitted for further examination. Case-Laws Income Tax Fri, 20 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424305