Search Results for "Tax Deduction"

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Supreme Court Restores Compensation in Motor Accident Claim, Overturns High Court's Reduction -- Allowances Included, Future Prospects at 50%, Income Tax Based on Slabs -- Insurance Company's Appeal Dismissed

The Supreme Court heard an appeal against the High Court's reduction of compensation in a motor accident claim case. The Tribunal had awarded Rs. 88,2...

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Supreme Court Allows Appeal in Income Tax Deduction Case for Pharmaceutical Freebies. Expenses on Gifting Freebies to Medical Practitioners Are Deductible Under Section 37(1) of Income Tax Act, 1961, as Indian Medical Council Regulations Only Prohibit Acceptance, Not Gifting, Under Explanation 1.

The dispute involved a pharmaceutical company, referred to as Apex, appealing against a High Court judgment that upheld orders disallowing part of its...