Allowability of freebies by Pharma Companies to Doctors; ITAT Mumbai refers matter to larger bench

DCIT Vs Macleods Pharmaceuticals Ltd. (ITAT Mumbai)

ITAT recommends constitution of larger bench to decide allowability of freebies to medical professionals as a deduction

In this case ITAT Mumbai has recommended constitution of a larger bench to decide on whether expenditure for providing freebies to medical professionals can be allowed as a deduction in accordance with Section 37(1) of the Income Tax Act, 1961 (the Act).

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