2010 (9) TMI 198

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..... ered 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 - 277/2010 - - - Dated:- 20-9-2010 - CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE MANMOHAN Mr. Sanjeev Sabharwal, Senior Standing Counsel. JUDGMENT MANMOHAN, J. CM APPL. 3236/2010 This is an application for condonation of .....

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..... er against the Revenue relying upon the Division Bench judgment of this Court in CIT Vs. M/s. Woodward Governor India (Pvt.) Ltd., (2007) 294 ITR 451 (Del.). 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) 312 ITR 254 (SC). 4. Consequently, as the issue involved in the present proceedings is .....

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