Friday 10 January 2014

Revenue couldn't cast doubt on legality of freight charges merely due to unreliable statements of tr

IT : Where assessee engaged in transportation of goods, through trucks owned by other truck owners, claimed deduction of freight charges payable, in absence of any material on record throwing doubt on genuineness of amount claimed, Assessing Officer was not justified in rejecting said claim merely on basis of statements of some truck owners which were subsequently not found creditworthy


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