Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order]

Expenses - Clinical Trials - Promotion - Sales of Cardio Products - Sales - Cardio Products - Expenditure - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that expenses towards clinical trials for promotion and sales of cardio products are allowable as expenditures. The assessee is a private limited company domiciled in India. It is engaged in the promotion; marketing, sales and distribution in India of a wide range…

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