1996 (1) TMI 51

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.... be disposed of in the light of the decision of the Supreme Court in CIT v. Ajanta Electricals [1995] 215 ITR 114. The petitioner is an exporter of garments. The assessment year in question is 1991-92 which ended on March 31, 1991. On November 26, 1991, it filed an application seeking extension of time up to December 31, 1991, for bringing foreign exchange into India in respect of the export wh....

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....lication was moved after the said period of six months, he rejected the application of the petitioner on January 18, 1993. Thereafter, the petitioner moved the present writ petition challenging the said order of the Commissioner, dated January 18, 1993. In view of the aforesaid decision of the Supreme Court in CIT v. Ajanta Electricals [1995] 215 ITR 114, the order of the Commissioner of Income....