Freebies to doctors by pharma firms not legal: SC
Denying relief to a Pharmaceutical Company, the Supreme Court on Tuesday made it clear that gifting "freebies" to doctors by such companies is "prohibited by law" and it cannot be claimed as a deduction under the Income Tax Act.Such observations were made by the top court bench comprising of justices U U Lalit and S Ravindra Bhat while dealing with the case where the pharma company had spent...
Denying relief to a Pharmaceutical Company, the Supreme Court on Tuesday made it clear that gifting "freebies" to doctors by such companies is "prohibited by law" and it cannot be claimed as a deduction under the Income Tax Act.
Such observations were made by the top court bench comprising of justices U U Lalit and S Ravindra Bhat while dealing with the case where the pharma company had spent Rs 4,72,91,159 on gifts to doctors for creating awareness about the health supplement 'Zincovit'.
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Pharma Freebies To Doctors: Supreme Court Announces Its Verdict
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