https://www.taxtmi.com/caselaws?id=15050 The court ruled in favor of the assessee, holding that expenses on medical literature and journals distributed for professional purposes were not subject to disallowance under section 37(3A) and (3B) of the Income-tax Act, 1961. The judgment clarified that these provisions were intended to restrict avoidable or ostentatious spending, and distributing literature to medical professionals did not fall within this scope. This decision favored the assessee and rejected the Revenue's argument, providing guidance on the interpretation of expenses for advertisement and sales promotion in the pharmaceutical industry. en-us Tue, 18 Jan 2000 00:00:00 +0530 Mon, 27 Jul 2009 18:21:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15050 The court ruled in favor of the assessee, holding that expenses on medical literature and journals distributed for professional purposes were not subject to disallowance under section 37(3A) and (3B) of the Income-tax Act, 1961. The judgment clarified that these provisions were intended to restrict avoidable or ostentatious spending, and distributing literature to medical professionals did not fall within this scope. This decision favored the assessee and rejected the Revenue's argument, providing guidance on the interpretation of expenses for advertisement and sales promotion in the pharmaceutical industry. Case-Laws Income Tax Tue, 18 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15050