Opinion: ITAT Prescription for doctors

The Mumbai Division Bench of the Tribunal in their special bench reference order dated 14 October 2021 in Dy CIT vs. Macleods Pharmaceuticals Ltd.(ITA Nos. 5168 amp; 5169/Mum/2018) raised an eyebrow on the admissibility of regular expenditure on sales promotion alleging as freebies to the doctors while admitting that there are several decisions of coordinate benches, in favour of the assessee, on this very issue.The Mumbai Division Bench of the Tribunal in their special bench reference order dated 14 October 2021 in Dy CIT vs. Macleods Pharmaceuticals Ltd.(ITA Nos. 5168 amp; 5169/Mum/2018) raised an eyebrow on the admissibility of regular expenditure on sales promotion alleging as freebies to the doctors while admitting that there are several decisions of coordinate benches, in favour of the assessee, on this very issue.taxmann.com Latest ArticlesRead More

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