CBDT allows Condonation of delay in filing of Form No. 10-IC or Form No. 10-ID

The CBDT has authorized Commissioners of Income Tax to admit and deal with the applications for condonation of delay in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21 , 2021-22 and 2022-23 where there is a delay of up to 365 days.

The Commissioners of Income Tax/Directors General of Income Tax are authorized to admit and deal with
the applications for condonation of delay in filing of Form No. 10-IC or Form No. 10-JD for Assessment Years 2020-21 , 2021-22 and 2022-23 where there is a delay of more than 365 days.

It is further clarified that no application for condonation of delay in filing of Form No. 9NI 011 OBI1 OBB shall be entertained beyond three years from the end of the assessment year for which such application is made. The time limit for filing of such application within three years from the end of the assessment year will be applicable for application filed on or after the date of issue of this Circular. A condonation application should be disposed of, as far as possible, within six months from the end of the month in which such application is received by the Competent Authority.