https://www.taxtmi.com/caselaws?id=386266 The Tribunal upheld the CIT(A)'s decision, confirming that professional fees paid to doctors by a pharmaceutical company were allowable business expenditures under section 37(1) of the Income Tax Act, 1961. The Tribunal found no violation of MCI Guidelines or CBDT Circular No. 5/2012, as the payments were for genuine services and properly documented. The revenue's appeals were dismissed, and the order favored the assessee, emphasizing the expenses were genuinely incurred for business purposes. en-us Mon, 23 Sep 2019 00:00:00 +0530 Wed, 25 Sep 2019 07:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386266 The Tribunal upheld the CIT(A)'s decision, confirming that professional fees paid to doctors by a pharmaceutical company were allowable business expenditures under section 37(1) of the Income Tax Act, 1961. The Tribunal found no violation of MCI Guidelines or CBDT Circular No. 5/2012, as the payments were for genuine services and properly documented. The revenue's appeals were dismissed, and the order favored the assessee, emphasizing the expenses were genuinely incurred for business purposes. Case-Laws Income Tax Mon, 23 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386266