2013 (7) TMI 387

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....Mohan and Mr. Atul Jhingan, Advocates. For the Respondent: Mr. Vinay Kuthiala, Sr. Advocate with Ms. Vandana Kuthiala, Advocate Mr. Sandeep Sharma, Asstt. Solicitor JUDGMENT The judgment of the court was delivered by Deepak Gupta J.- 1. The petitioner by means of this petition has prayed that Circular No. 5 of 2012, dated August 1, 2012 ([2012] 346 ITR (St.) 95), issued by the Central ....

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....lanation appended to this sub-section denies claim of any such expense, if the same has been incurred for a purpose which is either an offence or prohibited by law. Thus, the claim of any expense incurred in providing the above mentioned or similar freebees in violation of the provisions of the Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002, shall be....

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....rcise of the powers vested in it under the Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regulations, 2002, imposed prohibition on any medical practitioner or their professional associates from accepting any gift, travel facility, hospitality, cash or monetary grant from any pharmaceutical and allied health sector industries. This regulation is a very salutary regulation whic....

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....chargeable under the head "Profits and gains of business or profession. Explanation.-For the removal of doubts, it is hereby declared that any expenditure incurred by an assessee for any purpose which is an offence or which is prohibited by law shall not be deemed to have been incurred for the purpose of business or profession and no deduction or allowance shall be made in respect of such....