The Central Board of Direct Taxes (CBDT) has issued Circular No. 16/2024 dated November 18, 2024, granting relief to taxpayers by allowing condonation of delay in filing important income tax forms (Form No. 9A, 10, 10B, and 10BB) for the Assessment Year (AY) 2018-19 and subsequent years. The circular, issued under Section 119(2)(b) of the Income-tax Act, 1961, aims to support taxpayers who faced genuine difficulties in meeting the filing deadlines.
“No application for condonation of delay in filing of Form No. 9A/10/10B/10BB 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. Acondonation 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.” the circular reads.
The circular mandates that condonation applications be processed within six months of receipt.
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