Adhoc disallowance should not be made for expenses which can not be inflated

The brief facts of the case are that assessee had debited a sum of Rs. 2,42,21,667 under various heads of expenses. Learned Assessing Officer disallowed 10% of such expenses by recording a brief finding which reads as under: “8. The assessee has claimed expenses to the tune of Rs. 2,42,21,667 debited in the P & L account. The assessee failed to produce complete books of account with supporting vouchers which has been discussed in details vide para 3 above the genuineness of the expenses incurred, therefore, could not verified. I, therefore, disallow 10% of the expenses incurred being not...