Expenditures on freebies to doctors by the pharmaceutical sector violate Medical Council of India (MCI) regulations and disallows deductions under Section 37(1) of the Income Tax Act, 1961 By Aiswarya Krishnadas – On May 9, 2024 7:05 pm – 2 mins read The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that expenditures on freebies to doctors by the pharmaceutical sector violate Medical Council of India ( MCI ) regulations and disallows deductions under Section 37(1) of the Income Tax Act.1961 The facts in brief are that the assessee, a public company, engaged…