https://www.taxtmi.com/caselaws?id=444905 ITAT Mumbai allowed assessee's appeal regarding sales and marketing expenses disallowance under Section 37(1), finding AO and CIT(A) made disallowances without proper material basis, merely following ITSC settlement percentages. For weighted deduction under Section 35(2AB), tribunal allowed claims for clinical trials, consultancy fees, rent/repairs, and analysis charges, following precedents in assessee's own case and Gujarat HC decision in Cadila Healthcare. Set-off of merged company's losses was allowed subject to NCLT order verification. MAT credit including surcharge and cess was upheld. However, education cess deduction was denied under Section 40(a)(ii) following Finance Act 2022 amendment. en-us Tue, 20 Jun 2023 00:00:00 +0530 Mon, 03 Feb 2025 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444905 ITAT Mumbai allowed assessee's appeal regarding sales and marketing expenses disallowance under Section 37(1), finding AO and CIT(A) made disallowances without proper material basis, merely following ITSC settlement percentages. For weighted deduction under Section 35(2AB), tribunal allowed claims for clinical trials, consultancy fees, rent/repairs, and analysis charges, following precedents in assessee's own case and Gujarat HC decision in Cadila Healthcare. Set-off of merged company's losses was allowed subject to NCLT order verification. MAT credit including surcharge and cess was upheld. However, education cess deduction was denied under Section 40(a)(ii) following Finance Act 2022 amendment. Case-Laws Income Tax Tue, 20 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444905