Clinical trial expenditure incurred solely for business purpose is allowable

Boston Scientific India Pvt. Ltd Vs DCIT (ITAT Delhi) ITAT Delhi held that expenditure towards clinical trial incurred solely and exclusively for the business purpose is allowable expenditure. Facts- The assessee is engaged in the promotion; marketing, sales and distribution in India of a wide range of cardio products and related medical instruments and devices manufactured by Boston Scientific Group and also provides related post-sales support services. Its product portfolio emphasizes critically important therapeutic areas such as interventional cardiology, cardiac rhythm management and elec...