Saturday, August 1, 2020

Freebies to Doctors: Income Tax Deduction to Pharma Companies can’t be denied invoking CBDT Circulars, says ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax department cannot deny Income Tax Deduction to Pharma companies on expenses incurred on providing freebies to doctors on the basis of a CBDT circular and the Indian Medical Council regulations. The IMA regulations prohibit the practice of acceptance of […]

from Taxscan | Simplifying Tax Laws https://ift.tt/315Me4s

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