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Sec43 B and Sec 145A of the Incometax Act

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(Querist)
17 December 2010 AO was reviewing Sec 43 B disallowances. It was informed Sec 43 B shall have no application as the taxes and duties are not routed through P&L. But AO wants to know impact on P&L by applying Sec145A
The company in question is construction company. They adopt AS7 (revised) for income recognition.
Whether AO is right in asking for Sec145A for evaluating tax, duties etc impact on P&L, although tax,duties etc are routed through Balancesheet
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
18 December 2010 AO is right in invoking section 145A.
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