Assessee-company was running a multi-speciality hospital and claimed referral fees as expenditure which was paid to doctors for referring their patients for treatment in assessee’s hospital.\u00a0 Assessing Officer allowed said claim.\u00a0 Later, Assessing Officer issued reopening notice after expiry of four years on ground that expenditure claimed as referral fees paid to doctors being an expense prohibited by law was to be disallowed under Explanation 1 to section 37(1) of the Act, Court held that\u00a0\u00a0 since claim with respect to referral fees was already considered and allowed during regular assessment proceedings and no new material was brought on record, reopening assessment merely in view of Circular No.5\/2-12 dt 1-8-2012 \u00a0Circular No.and MCI Regulations, 2002 which were available during regular assessment, would be mere change of opinion.\u00a0 (AY. 2011-12, 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147 : Reassessment-After the expiry of four years-Referral fees to doctors for referring-Allowed in the course of assessment proceedings-Change of opinion-Reassessment notice is not valid [S. 37(1), 148, Medical Council (Professional Conducts, Etiquettes and Ethics) Regulation Act, 2002 Regulations, 6.4, 6.8 and 8.1 s Art. 226]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-30320","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7T2","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=30320"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30320\/revisions"}],"predecessor-version":[{"id":30321,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30320\/revisions\/30321"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}