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

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