ITAT Grants Relief on Corporate Guarantee, R&D; Disallows Doctors’ Freebies

Cadila Pharmaceuticals Ltd Vs DCIT (ITAT Ahmedabad) Assessee got relief on corporate guarantee, R&D and registration claims while medical freebies and late welfare dues disallowed Conclusion: Tribunal partly allowed the assessee’s appeals by granting relief on transfer pricing, scientific research deduction, product registration expenses, section 14A/MAT adjustment, and forex hedging losses, while upholding the disallowance of expenditure on freebies to doctors and delayed employees’ welfare contributions. The issue relating to deduction of bonus under section 43B was remanded ...