CBDT Guidelines for Condonation of Delay in Filing Forms 9A/10/10B/10BB

Circular No: 16/2024 

Circular Date: November 18, 2024

Relevant Act/Rules: Income Tax Act, 1961
 

The Central Board of Direct Taxes (CBDT) has issued new instructions regarding the condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 for filing Form 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent Assessment Years.

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. The applicant must prove that the delay was due to a reasonable cause and genuine hardship.

4. Applications for condonation will not be accepted beyond three years from the end of the relevant assessment year.

5. Applications should be disposed of within six months from receipt by the Competent Authority.

This delegation of powers applies to both new and pending applications.

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