PHL PHARMA

Pharma company gets tax relief on Rs 23crore freebies to doctors

Deviating from an earlier ruling which refused to endorse the doling out of freebies and expensive gifts to doctors as a legitimate business expense, the Income-tax Appellate Tribunal (ITAT) has now allowed a pharma company to claim tax benefits against funds spent on sponsoring trips for doctors, providing them with costly medical journals, and buying them stationery and pens.