Expenses involving Freebies to the Doctors to be Disallowed u/s 37 of Income Tax Act: ITAT Restores matter to AO for Re-adjudication [Read Order]

Expenses involving Freebies to the Doctors - Freebies to the Doctors - Income Tax Act - ITAT Restores matter to AO - Re-adjudication - taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal held that expenses involving freebies to the doctors given by pharmaceutical companies is subject to disallowance under Section 37(1) of the Income Tax Act,1961. The assessee Troikaa Pharmaceuticals Ltd. is a public company and engaged in the business of manufacturing of Drugs & Pharmaceuticals. During the year,…

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