https://www.taxtmi.com/caselaws?id=270708 The Tribunal allowed the assessee's appeal partially, dismissing the revenue's appeal. It held that the expenditure on distributing samples of medicines was allowable under section 37(1) of the Income Tax Act as it was for business purposes. The Tribunal disagreed with including the disallowance under section 14A in the book profit. Additionally, it ruled that disallowances under normal provisions need not be added under section 115JB. The order was pronounced on 18.12.2015. en-us Fri, 18 Dec 2015 00:00:00 +0530 Wed, 13 Jan 2016 10:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270708 The Tribunal allowed the assessee's appeal partially, dismissing the revenue's appeal. It held that the expenditure on distributing samples of medicines was allowable under section 37(1) of the Income Tax Act as it was for business purposes. The Tribunal disagreed with including the disallowance under section 14A in the book profit. Additionally, it ruled that disallowances under normal provisions need not be added under section 115JB. The order was pronounced on 18.12.2015. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270708