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<h1>Appeal delay excused by Delhi HC for ITAT order on forex fluctuation, citing prior Division Bench ruling.</h1> The Delhi HC condoned the delay in refiling an appeal challenging an order by the ITAT on foreign exchange fluctuation. The appeal was dismissed as the ... Condonation 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 βcapital accountβ - appeal is dismissed The Delhi High Court condoned the delay in refiling an appeal challenging an order by the Income Tax Appellate Tribunal regarding foreign exchange fluctuation. The appeal was dismissed as the issue had already been decided by a Division Bench judgment affirmed by the Supreme Court.