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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>CBDT Issues Guidelines for Condoning Delays in Filing Forms 9A and 10 u/s 119(2)(b) for AY 2018-19 Onwards.</h1> The Central Board of Direct Taxes (CBDT) has issued guidelines for condoning delays in filing Form No. 9A and Form No. 10 under Section 119(2)(b) of the Income-tax Act, 1961, for Assessment Year 2018-19 and subsequent years. Commissioners of Income-tax can admit applications for delays up to 365 days, while delays beyond 365 days up to three years require authorization from the Principal Chief Commissioners or Chief Commissioners. These authorities must ensure that applicants had reasonable cause for the delay and verify compliance with investment requirements for Form No. 10. Applications should be resolved within three months of receipt.