Sun Pharma Laboratories Ltd. vs. DCIT

Parties Involved

Facts Summary

Sun Pharma Laboratories Ltd. appealed against the assessment order passed under section 143(3) of the Income Tax Act, 1961 for the Assessment Year 2015-16. The assessee raised several grounds of appeal, including disallowance of deductions under various sections of the Act. The Revenue also filed an appeal against the order of the Commissioner of Income Tax (Appeals). The Tribunal heard the appeals and reviewed the materials available on record.…

Legal Issues

• 1. Disallowance of deduction under section 80IB/80IE in respect of interest on staff advances & statutory/bank deposit
• 2. Disallowance of expenditure incurred for doctors for promotion of business
• 3. Disallowance under section 14A read with Rule 8D
• 4. Disallowance of amortization of Intangibles under section 115JB
• 5. Disallowance of stamp duty charges
• 6. Disallowance u/s. 36(1)(va) r.w.s.2(24)(x) for delayed payment of employees’ contribution to ESIC

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

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