Court held that since directors of assessee were unable to adduce evidence that said credit card expenses had been incurred for business purpose of assessee-company the expenses are held to be not allowable as deduction.Court also held that  the assessee failed to produce evidence the business development expenses are held to be not allowable. Foreign travel expenses were made for business purpose of assessee-company, same could not be allowed as deduction.  (AY. 2010-11)