Debate on Tax Deductibility of Pharma Freebies to Doctors u/s 37(1) Sent to Larger Bench for Review.

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....Expenditure on account of freebies to medical professionals - deduction u/s 37(1) - It is an open secret, secret if it is, that all these freebies extended by the pharmaceutical companies to the medical professionals, more often than not, come with strings attached, and that is what makes the expenditure in question for a purpose which is, as discussed earlier, “prohibited by law”. - Matter referred to Larger Bench since there is opposed schools of thought - AT....