The Income Tax Department on March 05, 2024, issued an Order under section 119 related to the Instructions to subordinate authorities.
The following has been stated namely: -
• It has allowed the trusts/ Institutions that have furnished audit reports on or before October 31, 2023, in Form No. 10B where Form No. 10BB was applicable and vice-versa, to furnish the audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause (b) of sub-section (1) of section l2A of the Income-tax Act, 1961, in the applicable Form No. 10B /10BB for the assessment year 2023-24, on or before March 31, 2024
[Circular No. 2/2024]
