i came across a question from my uncle who is carrying Courier services in hyderabad...
He told me that one of their courier boy accidentaly lost one cover which was containing original bills of Rs. 2 - 2.5 lakhs. Now the company whose bills are lost is claiming the money same as the bill value or otherwise asking to give them a official letter from the courier company stating that due to their fault the cover containing the original bills had been lost. The argument of the company is that they can't be allowed deduction of the expenses of the same amount as original bills are lost.
So can the strategy of assessee company of getting the official letter from the courier company helps them in case any scrutiny comes? Is it the valid ground from the assessee's company side to present such official letter to i.tax authorities for claiming the expenses?
Kindly share your views.
CAclubindia
