https://www.taxtmi.com/caselaws?id=354061 The Tribunal concluded that the Assessing Officer's order was not erroneous or prejudicial to the interest of revenue. It held that Medical Council of India regulations do not apply to pharmaceutical companies, and the CBDT Circular No. 5/2012 was not applicable to the assessment year in question. The Commissioner's invocation of Section 263 was deemed unjustified, and the appeal of the assessee was allowed. The advertisement and publicity expenses were considered legitimate business expenses, and the assessment order was upheld. en-us Thu, 11 Jan 2018 00:00:00 +0530 Thu, 22 Mar 2018 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354061 The Tribunal concluded that the Assessing Officer's order was not erroneous or prejudicial to the interest of revenue. It held that Medical Council of India regulations do not apply to pharmaceutical companies, and the CBDT Circular No. 5/2012 was not applicable to the assessment year in question. The Commissioner's invocation of Section 263 was deemed unjustified, and the appeal of the assessee was allowed. The advertisement and publicity expenses were considered legitimate business expenses, and the assessment order was upheld. Case-Laws Income Tax Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354061