Sales Promotion Expenses: CBDT Circular Can't Impose Retrospective Tax on Travel & Hospitality for Medical Professionals.

Allowability of sales promotion expenses - abnormal increase in expenditure - expenses were incurred on travel and hospitality of the Doctors and medical professionals - violation of MCI guidelines - CBDT Circular which creates a tax burden or tax liability on an assessee cannot be reckoned with retrospective effect. .....

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