Held, the vouchers and bills for payment towards freight charges were available with the assessee even at the time of assessment proceedings or even at the time of first appellate proceedings but it did not produce them, without any reason. Since there was no reasonable cause for admitting the petition, the application was to be rejected and since there was no evidence for the claim of freight expenses, they were not allowable. (AY. 2014-15)
Saranya Agro Foods Pvt. Ltd. v ITO (2023)101 ITR 60 (SN)(Chennai) (Trib)
S. 40A (3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits –Additional evidence-No reasonable cause for admitting additional evidence.[ITATR. 29.]