https://www.taxtmi.com/caselaws?id=398283 The Tribunal upheld the Commissioner (Appeals)'s decision that rectification under section 154 is not permissible for debatable issues. The Tribunal restored the disallowed deduction claimed under section 80IC to the Assessing Officer for re-adjudication. The disallowance of expenditure for gifts/freebies given to doctors was deleted, as MCI Regulations do not apply to pharmaceutical companies. The Tribunal restricted the disallowance on account of bogus purchases and partly allowed the allocation of certain expenses to the Baddi unit for deduction under section 80IC. The judgments resulted in the assessee's appeals being partly allowed and the revenue's appeals being dismissed. en-us Thu, 03 Sep 2020 00:00:00 +0530 Fri, 11 Sep 2020 11:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398283 The Tribunal upheld the Commissioner (Appeals)'s decision that rectification under section 154 is not permissible for debatable issues. The Tribunal restored the disallowed deduction claimed under section 80IC to the Assessing Officer for re-adjudication. The disallowance of expenditure for gifts/freebies given to doctors was deleted, as MCI Regulations do not apply to pharmaceutical companies. The Tribunal restricted the disallowance on account of bogus purchases and partly allowed the allocation of certain expenses to the Baddi unit for deduction under section 80IC. The judgments resulted in the assessee's appeals being partly allowed and the revenue's appeals being dismissed. Case-Laws Income Tax Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398283