Condonation of delay under 119(2)(b) of The Income Tax Act-1961, in filling of Form No. 10 BB for the AY 2018-19and subsequent years

In exercise of the powers conferred under section 119(2) of the Income-tax Act, 1961 the Central Board of Direct Taxes (CBDT) has directed that: in all the cases of applications for condonation of
delay in filing of Form No. 10BB for years prior to A Y. 2018- 19, the Commissioners of Income-tax are authorized to admit applications for condonation of delay uls 119(2)(b) of the Act. The Commissioner while entertaining such applications regarding filing Form No. 10BB shall satisfy themselves that the applicant was prevented by reasonable cause from filing such Form within the stipulated time.

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