SC issued notice against ruling that exp. incurred by Pharma co. on conferences of doctors isn’t commission

INCOME TAX : Notice issued in SLP filed against order of High Court holding that where assessee-pharmaceutical company incurred expenses for providing services such as taxi services, booking of air-tickets, cost of souvenir, etc., for conferences of doctors, in view of fact that these doctors were not bound to prescribe medicines as suggested by assessee and, therefore, there existed no agency relationship between assessee and doctors,INCOME TAX : Notice issued in SLP filed against order of High Court holding that where assessee-pharmaceutical company incurred expenses for providing services such as taxi services, booking of air-tickets, cost of souvenir, etc., for conferences of doctors, in view of fact that these doctors were not bound to prescribe medicines as suggested by assessee and, therefore, there existed no agency relationship between assessee and doctors,www.taxmann.com Latest Case LawsRead More

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