Expense allowed based on copy of account, name and address as bill/ voucher lost due to flood

ACIT Vs Sheel Engineers (ITAT Surat) ITAT Surat held that bill and vouchers of the expenditure claimed by the assessee was loss on account of floods. The explanation of expenses by way of copy of accounts, names and addresses, details TDS deducted and payments by crossed account payee cheques acceptable. Facts- During the assessment proceedings, the assessee was asked to furnish the bills and vouchers of expenses debited to Profit and Loss account. However, no such bills and voucher were produced by the assessee. Further during the course of revision proceedings u/s 263 of the Act, the assesse...