https://www.taxtmi.com/caselaws?id=293647 The Tribunal allowed the assessee's appeal for the weighted deduction under Section 35(2AB) and disallowed expenses under Section 37(1), ruling that the Medical Council of India guidelines do not apply to pharmaceutical companies. It dismissed the revenue's appeal on the comfort guarantee adjustment, affirming a 1% guarantee fee as the Arm's Length Price. en-us Wed, 21 Aug 2019 00:00:00 +0530 Wed, 13 Nov 2024 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293647 The Tribunal allowed the assessee's appeal for the weighted deduction under Section 35(2AB) and disallowed expenses under Section 37(1), ruling that the Medical Council of India guidelines do not apply to pharmaceutical companies. It dismissed the revenue's appeal on the comfort guarantee adjustment, affirming a 1% guarantee fee as the Arm's Length Price. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293647