On appeal, the Tribunal held that these expenses were incurred for updation of knowledge and for the profession of the assesse. The gift items were presented to doctors in lieu of their professional fees and likewise the dinner expenses were supported by adequate bills and vouchers and therefore, these were to be allowed as a business expenditure. (ITA No. 1412/Kol/2016) (AY. 2010-11)
Amit Ghose v. DCIT (2018) 63 ITR 44 (SN)(Kol) ( Trib)
S. 37(1): Business expenditure – Dinner expenses and gift expenses were incurred while holding meetings in hotel with senior doctors, for upgradation of skills and discussion of latest techniques and methods, such expenses were to be allowed as business expenditure