Hospital claiming advertisement expense is disallowed as violating Indian Medical Council Act

Chalasani Hospitals (P.) Ltd Vs ACIT (ITAT Visakhapatnam) ITAT Visakhapatnam held that advertisement expenditure claimed by the hospital has violated the provisions of Indian Medical Council Act 1956 professional conduct, Etiquette and Ethics Regulations, 2002. Hence, expenditure disallowed. Facts- Assessee is a hospital. AO on perusal of the Profit & Loss Account noticed that assessee has claimed advertisement expenditure to the extent of Rs.36,52,061/-. In absence of any explanation from the assessee the Assessing Officer disallowed a sum of Rs.36,52,061/- under section 37(1) of the Act....