Assessee's Vehicle and Telephone Expenses Partially Disallowed Due to Lack of Business Use Evidence; 10% Disallowance Upheld.

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Full Text of the Document

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....Disallowance on account of Vehicle and Telephone expenses - the assessee could not adduce proper evidence in support of Vehicle and Telephone expenses having been incurred wholly and exclusively for the purpose of business inasmuch as no log books for vehicle etc., were produced despite the AO’s specific requisition. We are satisfied that sustenance of disallowance at 10% of the expenses is reasonable and does not require any interference. - AT....