Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year 2018-19 and sequent years

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Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year 2018-19 and  sequent years

 

 

F.No.197/89/2022-ITA-1

Government of India Ministry of Finance Department of Revenue

Central Board of Direct Taxes

Circular No. I ‹I /2022
  

New Delhi the]7 July, 2022

 

  1. In exercise of the powers conferred under section I 19(2) of the Income-tax Act, 1961 (hereinafter referred to as ‘Act’), the Central Board of Direct Taxes (CBDT) by Circular No.2/2020 [F.No.197/55/2018-ITA-I] dated 03.01.2020 authorized the Commissioners of Income-tax to admit applications of condonation of delay in filing Form No. l0B for AY 2018-19 or for any subsequent Assessment Years where there is delay of upto 365 days and decide on merits.

 

  1. Further to the powers delegated to Commissioners of Income-tax as discussed above, the CBDT hereby directs that where there is delay of beyond 365 days upto three years in filing Form 10B for Assessment Year 2018- 19 or for any subsequent Assessment Years, the Pr. Chief Commissioners of Income-tax / Chief Commissioners of Income-tax are authorized to admit such applications of condonation of delay under section I 19(2) of the Act and decide on merits.

 

  1. The Pr. Chief Commissioner / Chief Commissioner or Commissioners of Income-tax, as the case may be, while entertaining such applications for condonation of delay in filing Form 10B, shall satisfy themselves that the applicant was prevented by reasonable cause from filing such Form within thc stipulated time.

 

  1. Further, the Chief Commissioner / Chief Commissioner of Income-tax, as the case may be, shall preferably dispose the application ithin three months of receipt of the application.

 

Copy to:

  1. PS to FM/OSD to FM/PS to MoS (R)/OSD to MoS(R)
  2. PS to Revenue Secretary
  3. Chairman, CBDT & All Members, CBDT
  4. All Principal Chief Commissioners of Income-tax / Principal Director Generals of Income-tax.
  5. Chief Controller of Accounts, New Delhi.
  6. All Joint Secretaries/CsIT, CBDT
  7. Web Manager, O/o Pr.DGIT(Systems) with request to upload on the departmental website of incometaxindiaAgov.in.
  8. Commissioner of Income-tax (Media & TP) and official Spokesperson, CBDT, New
  9. Secretary General, IRS Association/ Secretary General, ITGOA/ All-India Income Tax SC & ST Employees’ Welfare Association / Income Tax Employees Federation (ITEF).
  10. JCIT, Data-Base Cell for uploading on org.

 

 

 

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