Condonation of delay under Section 119(2)(b) in filing of Form No.10B for AY 2018-19 and subsequent years

Last updated: 20 July 2022

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The Central Board of Direct Taxes (CBDT) has issued new guidelines regarding the condonation of delays in filing Form No. 10B. For delays up to 365 days, Commissioners of Income-tax can authorise condonation. For delays exceeding 365 days but within three years, Principal Chief Commissioners or Chief Commissioners of Income-tax are now authorised to consider and decide on such applications.

Circular No. 16/2022-Income Tax F.No.197/89/2022-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 19th July, 2022 Sub: 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 subsequent years - Reg. In exercise of the powers conferred under section 119(2) of the Income-tax Act, 1961 (hereinafter referred to as Act), the Central Board of Dir

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FAQ :

This notification clarifies the powers for condoning delays in filing Form No. 10B for Assessment Year 2018-19 and subsequent years.

Commissioners of Income-tax are authorised to admit applications for condonation of delay up to 365 days in filing Form 10B for AY 2018-19 and subsequent years.

Principal Chief Commissioners of Income-tax or Chief Commissioners of Income-tax are authorised to admit applications for condonation of delay beyond 365 days up to three years for Form 10B.

They must be satisfied that the applicant was prevented by a reasonable cause from filing Form 10B within the stipulated time.

The Principal Chief Commissioner or Chief Commissioner of Income-tax should preferably dispose of the application within three months of its receipt.