https://www.taxtmi.com/acts?id=49531 The amendment substitutes the existing time-extension phrase in sub-section (2) of section 80HHE to provide that extensions may be granted "within such further period as the competent authority may allow in this behalf," and inserts Explanation 2 defining "competent authority" as the Reserve Bank of India or any other authority authorised under law to regulate payments and dealings in foreign exchange, while renumbering the prior Explanation as Explanation 1. en-us Sat, 22 Feb 2025 11:02:15 +0530 Sat, 22 Feb 2025 11:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49531 The amendment substitutes the existing time-extension phrase in sub-section (2) of section 80HHE to provide that extensions may be granted "within such further period as the competent authority may allow in this behalf," and inserts Explanation 2 defining "competent authority" as the Reserve Bank of India or any other authority authorised under law to regulate payments and dealings in foreign exchange, while renumbering the prior Explanation as Explanation 1. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 11:02:15 +0530 https://www.taxtmi.com/acts?id=49531