Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]

Claim of Deduction - Deduction - Freight Outward Expenses - Expenses - Actual Payment Details - Submission of Actual Payment Details - ITAT - Income Tax - taxscan

The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that claim of deduction on freight outward expenses would be allowable only on submission of actual payment details. The AO requested the assessee, Nipro India Corporation Pvt. Ltd to furnish breakup of expenses shown under the heads Repairs and Maintenance, Freight forwarding, Miscellaneous Expenses…

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