Supreme Court of India

M/s Apex Laboratories Pvt. Ltd. v. Deputy Commissioner of Income Tax, Large Tax Payer Unit - Ii

Neutral citation
Reported as [2022] 2 S.C.R. 126
Bench Uday Umesh Lalit and S. Ravindra Bhat JJ.
Decided 22 February 2022

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

What the Court ordered

In view of the foregoing discussion, the impugned judgment cannot be faulted with.

Judgment, page 29

From the headnote

Income Tax Act, 1961: s.37(1), Explanation 1 – Pharmaceutical companies gifting freebies to doctors etc. is clearly prohibited by law and not allowed to be claimed as a deduction under s.37(1) of the Act – An amendment to the Medica l Council Act, 1956 (now repealed) through the Indian Medical Council (Professional Conduct, Etiquette and Ethics) Regula tions, 2002 published in the Official Gazette on 14.12.2009, disallowed medica l practitioners from accepting emoluments in the form of inter alia gifts, travel facilities, hospitality, cash or mone tary grants – On 01.08.2012, CBDT also issued

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