ITAT rules Expenditures on Freebies to Doctors by Pharmaceutical Sector Violate MCI Regulations, Disallows Deductions under Section 37(1) of Income Tax Act [Read Order]
Expenditures on freebies to doctors by the pharmaceutical sector violate Medical Council of India (MCI) regulations and disallows deductions under Section 37(1) of the Income Tax Act, 1961
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that expenditures on freebies to doctors by the pharmaceutical sector violate Medical Council of India ( MCI ) regulations and disallows deductions under Section 37(1) of the Income Tax Act.1961 The facts in brief are that the assessee, a public company, engaged…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
