Notification / Circular No.: Circular No. 01/2026 dated March 23, 2026
Applicable Act / Rule: Income-tax Act, 1961
Applicable Section / Rule: Section 12A(1)(ac)(i); Section 119(2)(b)
Section 12A of the Income-tax Act, 1961 prescribes conditions for applicability of sections 11 and 12 to trusts and institutions. Under section 12A(1)(ac)(i), trusts or institutions are required to file an application for registration in Form No. 10A within the prescribed time. A proviso inserted with effect from October 01, 2024 empowered the Principal Commissioner or Commissioner to condone delay in filing such application where reasonable cause exists.
The Circular clarifies as under:
“the jurisdictional Principal Commissioner of Income-tax or Commissioner of Income-tax shall have powers to condone delay in filing Form No. 10A under sub-clause (i) of clause (ac) of sub-section (1) of section 12A of the Act.”
Further, it is specified that:
“This Circular shall apply to all cases where Form No. 10A has been filed beyond the prescribed time limit and the application for condonation is pending or filed on or after the date of issue of this Circular.”
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