https://www.taxtmi.com/caselaws?id=290083 The Tribunal dismissed the appeals for AY 2001-02 and 2002-03, upholding the cancellation of penalties under section 271(1)(c) due to no concealment or inaccurate particulars by the pharmaceutical company. For AY 2008-09, the appeal was partly allowed, with the disallowance of expenses on personal gifts to doctors modified to 25% of personalized sales promotion expenses and 15% of gifts to doctors. The Tribunal also upheld the allocation of overhead expenses to the Baddi Unit, maintaining consistency with prior years' decisions. en-us Tue, 23 Oct 2012 00:00:00 +0530 Tue, 08 Sep 2020 18:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290083 The Tribunal dismissed the appeals for AY 2001-02 and 2002-03, upholding the cancellation of penalties under section 271(1)(c) due to no concealment or inaccurate particulars by the pharmaceutical company. For AY 2008-09, the appeal was partly allowed, with the disallowance of expenses on personal gifts to doctors modified to 25% of personalized sales promotion expenses and 15% of gifts to doctors. The Tribunal also upheld the allocation of overhead expenses to the Baddi Unit, maintaining consistency with prior years' decisions. Case-Laws Income Tax Tue, 23 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290083