allowed as an expenditure under Section
43B read with Section 145A of the Income Tax Act, 1961?"
ITA No. 233/2013 Page ... reads as under:
"13. Section 145-A reads as follows:
145A. Notwithstanding anything to the contrary contained
in section 145 ,--
(a) the valuation
that the legislature, by Finance (No.2) Act, 1998 , has
enacted Section 145A of the Income Tax Act, 1961 (Act, in short), with
effect from ... April 01, 1999, which reads as under:
"145A. Method of accounting in certain cases-
Notwithstanding anything to the contrary contained in Section
Section 56 (ix) [sic (viii)] read with Clause
(b) to Section 145A of the Act.
11. Counsel for the Respondent has submitted that ... section 2 to Section 56 read with Clause (b) to Section 145A
with effect from 1st April, 2010 by Finance (2) Act, 2009.
21. Learned
adopted is contrary to the prescribed
accounting standards etc. under Section 145 / 145A of the Act. No such
finding or justification has been recorded
