Deduction u/s 37(1) not available to pharmaceutical company gifting freebies to doctors

DCIT Vs Troikaa Pharmaceuticals Ltd. (ITAT Ahmedabad)

ITAT Ahmedabad held that the assessee (pharmaceutical company) is not entitled for claiming deduction under section 37(1) of the Income Tax Act on account of freebies given to the doctors.

Facts- The assessee is a public company and engaged in the business of manufacturing of Drugs & Pharmaceuticals. During the year, the assessee has claimed certain expenditures aggregating to Rs. 10,66,27,149/- under the head busin

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