https://www.taxtmi.com/caselaws?id=310010 The Tribunal allowed the appeals for A.Y. 2016-17 and 2015-16, overturning the disallowance of sales promotion expenses. It directed the A.O to verify and consider the deduction for cess paid. The Tribunal clarified that MCI regulations do not apply to pharmaceutical companies and that the CBDT circular cannot extend these regulations without statutory backing. en-us Tue, 25 May 2021 00:00:00 +0530 Tue, 03 Oct 2023 08:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310010 The Tribunal allowed the appeals for A.Y. 2016-17 and 2015-16, overturning the disallowance of sales promotion expenses. It directed the A.O to verify and consider the deduction for cess paid. The Tribunal clarified that MCI regulations do not apply to pharmaceutical companies and that the CBDT circular cannot extend these regulations without statutory backing. Case-Laws Income Tax Tue, 25 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310010