https://www.taxtmi.com/caselaws?id=17974 The court held that section 80HHC(2)(a) of the Income-tax Act does not require the making of an application for claiming deduction within a specific time limit. The court clarified that the time limit mentioned is not a restriction but a right to claim deduction if sale proceeds are received within six months. The Chief Commissioner or Commissioner has the discretion to allow a further period if satisfied that the assessee was unable to comply due to reasons beyond their control. The court set aside the Commissioner's order and directed a fresh decision, maintaining the stay on assessment until the matter is resolved. en-us Thu, 20 Apr 1995 00:00:00 +0530 Sat, 26 Sep 2009 10:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17974 The court held that section 80HHC(2)(a) of the Income-tax Act does not require the making of an application for claiming deduction within a specific time limit. The court clarified that the time limit mentioned is not a restriction but a right to claim deduction if sale proceeds are received within six months. The Chief Commissioner or Commissioner has the discretion to allow a further period if satisfied that the assessee was unable to comply due to reasons beyond their control. The court set aside the Commissioner's order and directed a fresh decision, maintaining the stay on assessment until the matter is resolved. Case-Laws Income Tax Thu, 20 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17974