The Income Tax Department on November 18, 2024, issued a circular regarding condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A110/10B/I0BB for Assessment Year 2018-19 and subsequent assessment years.
The following has been stated: -
•The CBDT has authorized Pro CsIT and CsIT to handle delay condonation requests for Form 9A/10 for AY 2018-19 and subsequent years, with delays up to 365 days. For delays beyond 365 days, Pr. CCsIT and CCsIT can address such requests.
•Applications must be filed within three years from the assessment year’s end. Requests should be resolved within six months of receipt.
The detailed circular is given in the document below.
[Circular No. 16/2024]
