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2010 (3) TMI 1165 - ITAT DELHIExtract: .......n the case of CIT vs. Woodward Governor India (P) Ltd., 312 ITR 254, the loss being on revenue account is allowable as such and is not a notional loss. Therefore, the ground raised by the revenue fails. 21. In the result, the appeal of the assessee is partly allowed and that of revenue is dismissed. Pronounced in the open court on 19th March, 2010.
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