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2010 (9) TMI 142 - HC - Income TaxAddition - on account of foreign exchange fluctuation - Condonation of delay - Tribunal upholding the Commissioner of Income Tax (Appeals) order and in deleting the addition made by the Assessing Officer on account of foreign exchange fluctuation - issue is covered against the Revenue by 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
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