Competent authority defined for extensions in foreign exchange matters; further time for tax relief may be permitted. Amendment substitutes the existing extension phrase in section 80RR with wording permitting extensions 'within such further period as the competent authority may allow in this behalf' and inserts an Explanation defining 'competent authority' to mean the Reserve Bank of India or such other authority authorised under law to regulate payments and dealings in foreign exchange.
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 defined for extensions in foreign exchange matters; further time for tax relief may be permitted.
Amendment substitutes the existing extension phrase in section 80RR with wording permitting extensions "within such further period as the competent authority may allow in this behalf" and inserts an Explanation defining "competent authority" to mean the Reserve Bank of India or such other authority authorised under law to regulate payments and dealings in foreign exchange.
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