Case Law Details
Case Name : ACIT Vs J.B. Chemicals & Pharmaceuticals Ltd. (ITAT Mumbai)
Related Assessment Year : 2009–10
Courts :
All ITAT ITAT Mumbai
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ACIT Vs J.B. Chemicals & Pharmaceuticals Ltd. (ITAT Mumbai)
Undisputedly, the assessee has incurred expenditure of Rs. 2,26,34,864, towards gifts, travel facilities and hospitality provided to doctors, customers and medical practitioners in medical conferences held both in India and abroad. Out of the aforesaid amount, the Assessing Officer has segregated an amount of Rs. 1,25,44,723, for computing disallowance towards expenditure incurred in India. As could be seen from the assessment order, the gift items provided by t
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