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<h1>CBDT Allows Delay Condonation for Late Form 10B Filing for AY 2016-17 & 2017-18 u/s 139.</h1> The circular issued by the Central Board of Direct Taxes addresses the condonation of delay in filing Form 10B for assessment years 2016-17 and 2017-18. Trusts or institutions that failed to file Form 10B on time but obtained the audit report before filing their income return and submitted it before the deadline specified under section 139 of the Income-tax Act are granted condonation. For other cases prior to AY 2018-19, Commissioners of Income-tax can admit applications for delay condonation if the applicant demonstrates a reasonable cause for the delay. All applications must be resolved by September 30, 2019.