Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for years prior to AY 2018-19 - Income Tax - 07/2021

CIRCULAR NO. 07/2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, Dated: March 26, 2021 Sub: Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for years prior to AY 2018-19 - Reg. It has been brought to the notice of the Board that the Exemption Charges are continuously receiving applications for condonation of delay in filing Form 10B for years prior to AY 2018-19. 2. In view of the above, in partial modification of Circular No 28/2019 dated 27.09.2019 read with Circular No.10/2019 dated 22.05.2019 , the last sentence of Para 4(ii) of Circular No.10/2019 may be read as under: Further, all such pending applications as well as applications received henceforth shall be disposed off preferably within three months from the end of the month in which the application is received. 3. This modification takes effect from 31st day of March, 2021. [F.No.197/49/2021-ITA-1] (Gulzar Ahmad Wani) JCIT(OSD)(ITA-1)