1998 (10) TMI 5

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....ng into India the sale proceeds of the goods exported beyond the period of six months from the end of the previous year and beyond August 30, 1994, up to which date extension had been granted. The assessment year is 1993-94. The petitioner had made a further application for extension of time on October 3, 1995, to extend the time up to January 7, 1995, on which date the sale proceeds had been brou....

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....or, where the Chief Commissioner or Commissioner is satisfied (for reasons to be recorded in writing) that the assessee is, for reasons beyond his control, unable to do so within the said period of six months, within such further period as the Chief Commissioner or Commissioner may allow in this behalf." The assessee is required to satisfy the Commissioner that for reasons beyond his control th....

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....ia in the case of CIT v. Ajanta Electricals [1995] 215 ITR 114 while construing the meaning of the word "extend" in section 139(2) of the Act, inter alia, held as under : "We cannot accept the contention raised on behalf of the Revenue that the word 'extend' in the proviso to section 139(2) implies that at the time of making the application the time allowed should not have expired. Though the C....

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.... into India in convertible foreign exchange. It is that primary purpose which should be shown to have been satisfied for the purpose of claiming the benefit granted under section 80HHC. The period within which the monies are to be brought into India is a matter which is governed by the procedural aspect of the section which fixes the time limit, which time limit is not rigid but is capable of bein....