Amendment to section 80RRA designates competent authority to permit time extensions for foreign exchange-related matters. The amendment substitutes the existing extension wording in section 80RRA to permit extensions 'within such further period as the competent authority may allow in this behalf,' and adds an Explanation defining competent authority as the Reserve Bank of India or any other authority authorised 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.
Amendment to section 80RRA designates competent authority to permit time extensions for foreign exchange-related matters.
The amendment substitutes the existing extension wording in section 80RRA to permit extensions "within such further period as the competent authority may allow in this behalf," and adds an Explanation defining competent authority as the Reserve Bank of India or any other authority authorised to regulate payments and dealings in foreign exchange.
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