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<h1>Instruction 704/CBDT: ITOs to Grant Return Extensions and Waive Interest u/s 139(8) Due to Form Delays.</h1> Instruction No. 704/CBDT, dated June 12, 1974, addresses the distribution of income and net wealth return forms to Commissioners by June 30, 1974. It acknowledges potential delays in form supply and states that no general extension for filing returns will be granted. However, if taxpayers cannot obtain forms, the Income Tax Officer (ITO) may grant extensions for filing returns. The ITOs are advised to be lenient in granting these extensions and instructed to waive interest under Section 139(8) of the Income Tax Act, 1961, for the extension period, as per Rule 117(v) of the IT Rules, 1962.