Flood Loss Leads to Deleted Expense Disallowance; Authorities Criticized for Lack of Liberal Approach and Specificity in Missing Vouchers.

Ad-hoc disallowance of the expenses - the contention of the assessee is that due to flood material evidences was washed away and FIR was duly registered, further it is stated that the accounts of the assessee was duly audited and no adverse observation has been recorded by the auditors. - it is a liberal view ought to have been adopted by the authorities below. Moreover the authorities below have not pointed out any specific absence of the vouchers - Additions deleted - AT .....

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