https://www.taxtmi.com/caselaws?id=182315 The Tribunal allowed the deduction under section 80HHC for the assessee as the foreign exchange payments were received within the extended period granted by the Reserve Bank of India, despite the initial deadline passing. The Tribunal emphasized that the deduction should not be denied based on technicalities when the assessee had applied for an extension in good faith. The Reserve Bank of India's letter advising the assessee to seek further extension played a crucial role in the Tribunal's decision, ensuring the assessee's eligibility for the deduction. en-us Tue, 16 Jun 2015 00:00:00 +0530 Sat, 07 May 2016 10:30:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182315 The Tribunal allowed the deduction under section 80HHC for the assessee as the foreign exchange payments were received within the extended period granted by the Reserve Bank of India, despite the initial deadline passing. The Tribunal emphasized that the deduction should not be denied based on technicalities when the assessee had applied for an extension in good faith. The Reserve Bank of India's letter advising the assessee to seek further extension played a crucial role in the Tribunal's decision, ensuring the assessee's eligibility for the deduction. Case-Laws Income Tax Tue, 16 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182315