Allowing the appeal of the assessee the Tribunal held that revenue has not brought any evidence to show that the payment to doctors was in the nature of freebies. Tribunal also held that the submission of the assessee as regards expenses incurred for exempt income was accepted by the Assessing Officer in the original assessment proceedings. Revision is held to be not valid. (AY. 2013-14)
SRL Diagnosties Ltd. v. PCIT (2021) 214 TTJ 929 (Mum.)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Payment to doctors-Consultation fees-No evidence brought on record to show that the payment was freebies-Expenses on exempt income-Submission was accepted by the Assessing Officer in the course of assessment proceedings-Revision is held to be not valid. [S. 14A, 37(1)]