Competent authority may grant further time for relevant tax claims; 'competent authority' defined as RBI or authorised forex regulator. The amendment substitutes the existing time-extension phrase in sub-section (2) of section 80HHE to provide that extensions may be granted 'within such further period as the competent authority may allow in this behalf,' and inserts Explanation 2 defining 'competent authority' as the Reserve Bank of India or any other authority authorised under law to regulate payments and dealings in foreign exchange, while renumbering the prior Explanation as Explanation 1.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Competent authority may grant further time for relevant tax claims; 'competent authority' defined as RBI or authorised forex regulator.
The amendment substitutes the existing time-extension phrase in sub-section (2) of section 80HHE to provide that extensions may be granted "within such further period as the competent authority may allow in this behalf," and inserts Explanation 2 defining "competent authority" as the Reserve Bank of India or any other authority authorised under law to regulate payments and dealings in foreign exchange, while renumbering the prior Explanation as Explanation 1.
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