Diesel and Oil Expense Claims Cut by 50% Due to Lack of Separate Ledgers for In-House and Subcontractor Use.

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Full Text of the Document

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....Genuineness of expenses - purchase of diesel and oil - the in-house consumption of diesel and oil cannot be neglected. But the fact that the assessee has not maintained separate ledgers for the in-house consumption of the diesel and oil viz a viz supplied to the subcontractors cannot be ignored - 50% of expenses allowed.....