IF AN ORDER IS ISSUED BY CBDT UNDER SECTION 119 (2) (b) STATING 'CBDT AUTHORISES THE CIT (EX) TO ADMIT APPLICATION U/S 12A AND DEAL WITH THE APPLICATION ON MERITS IN ACCORDANCE WITH LAW'
THIS IS FOR THE ASSESSMENT YEAR 2009-10 AND THE CIT IS RELUCTANT TO GIVE REGISTRATION STATING THAT HE HAS GOT POWERS ONLY TO GRANT REGISTRATION PROSPECTIVELY.
CAN YOU PLEASE GIVE A REMEDY FOR IT
CBDT Order Under Section 119(2)(b) Challenges CIT's Hesitance to Grant Retroactive Registration for 2009-10. A query was raised regarding a situation where the Central Board of Direct Taxes (CBDT) issued an order under Section 119(2)(b), authorizing the Commissioner of Income Tax (CIT) to admit an application under Section 12A and handle it on its merits for the assessment year 2009-10. However, the CIT is hesitant to grant registration retroactively, claiming authority only for prospective registration. The query seeks a remedy for this issue. A respondent asked if the issue had been clarified, suggesting further communication if it remained unresolved. (AI Summary)
TaxTMI 
TaxTMI 
