https://www.taxtmi.com/caselaws?id=12264 The court dismissed the writ application, finding that the petitioner was not entitled to an extension of time under section 80HHC(2)(a) of the Income-tax Act for the assessment year 1994-95. The Commissioner's rejection of the application for deduction was upheld due to the petitioner's failure to show due diligence in realizing export proceeds within the stipulated time frame. The court emphasized the importance of timely compliance with tax provisions and highlighted the need for objective considerations in granting extensions. The petitioner's lack of diligence and delayed actions led to the unfavorable outcome. en-us Thu, 08 Aug 2002 00:00:00 +0530 Sat, 20 Feb 2010 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12264 The court dismissed the writ application, finding that the petitioner was not entitled to an extension of time under section 80HHC(2)(a) of the Income-tax Act for the assessment year 1994-95. The Commissioner's rejection of the application for deduction was upheld due to the petitioner's failure to show due diligence in realizing export proceeds within the stipulated time frame. The court emphasized the importance of timely compliance with tax provisions and highlighted the need for objective considerations in granting extensions. The petitioner's lack of diligence and delayed actions led to the unfavorable outcome. Case-Laws Income Tax Thu, 08 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12264