https://www.taxtmi.com/caselaws?id=370781 The Tribunal allowed the appeal, directing deletion of disallowances made by the Assessing Officer and upheld by the CIT(A). The expenses were incurred for business promotion and not prohibited by statute. CBDT Circular No. 5 was deemed inapplicable for the relevant assessment year, and MCI guidelines did not apply to pharmaceutical companies. The decision was pronounced on 20/11/2018. en-us Tue, 20 Nov 2018 00:00:00 +0530 Fri, 23 Nov 2018 09:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370781 The Tribunal allowed the appeal, directing deletion of disallowances made by the Assessing Officer and upheld by the CIT(A). The expenses were incurred for business promotion and not prohibited by statute. CBDT Circular No. 5 was deemed inapplicable for the relevant assessment year, and MCI guidelines did not apply to pharmaceutical companies. The decision was pronounced on 20/11/2018. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370781