Thursday, June 27, 2019

Ball pens & medical gifts given to doctors by Pharma Co with its logo aren't freebies: 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

from www.taxmann.com Latest Case Laws https://ift.tt/2NgipdV

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...