2010 (9) TMI 142

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..... y the judgment of the Supreme Court in Commissioner of Income-Tax vs. Woodward Governor India P. 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 - 863/2010 - - - Dated:- 10-9-2010 - CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE MAN .....

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