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2010 (9) TMI 198 - DELHI HIGH COURTCondonation of delay - Addition - on account of foreign exchange fluctuation - It is pertinent to mention that the aforesaid judgment has also been affirmed by the Supreme Court in CIT Vs. Woodward Governor India (Pvt.) Ltd., (2009 -TMI - 32906 - SUPREME COURT) - held that loss suffered as on the date of balance sheet is an item of expenditure u/s 37(1) - increase in liability on “capital account” - appeal is dismissed
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