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Circular No: 17/2024
Circular Date: November 18, 2024
The Central Board of Direct Taxes (CBDT) has authorized the condonation of delay for filing Form 10-IC or Form 10-ID under Section 119(2)(b) of the Income-tax Act for Assessment Years 2020-21, 2021-22, and 2022-23.
1. Pr. CsIT/CsIT can approve delays of up to 365 days.
2. Pr. CCsIT/CCsIT/DGsIT can approve delays of over 365 days.
3. Applicants must meet specific conditions, including filing their returns on time and demonstrating a reasonable cause for delay.
4. No application will be entertained beyond three years from the end of the assessment year.
5. Applications should ideally be disposed of within six months from receipt.
Notification Link: https://incometaxindia.gov.in/communications/circular/circular-17-2024.pdf
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