Pharma Firm's Referral Fees to Doctors Disallowed as Deductions Under Income Tax Act Section 37 for Policy Violation.

Admissibility of expenditures incurred by the assessee (a pharmaceutical company) u/s 37 - disallowance of referral fees paid to doctors in violation of public policy and regulations formulated by the Medical Council of India ("MC!') - We uphold the lower authorities action treating the assessee's referral fees as commission payment not allowable in principle. - AT .....

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