Electro-optical properties of deformed helix ferroelectric liquid crystal (DHFLC) cells are studied by using a general theoretical approach to polarization gratings in which the transmission and reflection matrices of diffraction orders are explicitly related to the evolution operator of equations for the Floquet harmonics. In the short-pitch approximation, a DHFLC cell is shown to be optically equivalent to a uniformly anisotropic biaxial layer where one of the optical axes is normal to the bounding surfaces. For in-plane anisotropy, orientation of the optical axes and birefringence are both determined by the voltage applied across the cell and represent the parameters that govern the transmittance of normally incident light passing through crossed polarizers. We calculate the transmittance as a function of the electric field and compare the computed curves with the experimental data. The theoretical and experimental results are found to be in good agreement.