Bombay HC rules CBDT Circular disallowing Expenses associated with Doctor Freebies, not applicable to AY 2008-09 [Read Order]

Bombay HC - CBDT Circular - Bombay High Court - CBDT - Expenses - Doctor Freebies - taxscan

In a major ruling the Bombay High Court ruled that Central Board of Direct Taxes (CBDT) Circular disallowing Expenses associated with Doctor Freebies, not applicable to Assessment Year 2008-09. A return of income was fled for the assessment year 2008-09, in which the Petitioner, Abott India Limited, claimed Rs.48 crores as expenditure on gifts as…

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