CBDT cannot extend time to claim deduction under section 54F

Shivinder Singh Brar, Karta (HUF) Vs. CBDT (Punjab and Haryana High Court)  The relaxation in terms of section 119(2)(c) can be sought by the assessee at the time of claiming deduction and such claim can be made only within the time period, as prescribed under the Act for making such claim. There is nothing in section 119(2) of the Act which gives any power to the Board to extend the time to claim the deduction. While applying the aforesaid principle, to the facts of the present case, the petitioner could have applied for relaxation for claiming the benefit under section 54F only within the t...