Ball pens & medical gifts given to doctors by Pharma Cos with its logo aren't freebles: ITAT

INCOME TAX : Where assessee pharma company incurred expenditure towards business promotion by distribution of ball pens and medical gifts, etc., with logo of assessee company to doctors and hospitals, so as to make persons connected with business of assessee aware of its products, same was allowable as business expenditure and Explanation 1 to section 37(1) could not be applied

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