https://www.taxtmi.com/caselaws?id=189682 The Tribunal allowed the appeal for the Asst. Year 2010-11, overturning the CIT(A)'s decision to disallow expenses incurred on overseas seminars and conferences for doctors. The Tribunal emphasized the promotional aspect and business necessity of the expenditure in the pharmaceutical formulation business, highlighting the competitive market and the common practice of sponsoring doctors' trips for product awareness. The Tribunal found the expenses directly related to business activities and influential in building relationships with doctors, ultimately deleting the addition made by the assessing officer. en-us Fri, 09 Sep 2016 00:00:00 +0530 Mon, 16 Jan 2017 20:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189682 The Tribunal allowed the appeal for the Asst. Year 2010-11, overturning the CIT(A)'s decision to disallow expenses incurred on overseas seminars and conferences for doctors. The Tribunal emphasized the promotional aspect and business necessity of the expenditure in the pharmaceutical formulation business, highlighting the competitive market and the common practice of sponsoring doctors' trips for product awareness. The Tribunal found the expenses directly related to business activities and influential in building relationships with doctors, ultimately deleting the addition made by the assessing officer. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189682