Condonation of delay in filing of Form no. 10B for years prior to AY 2018-19

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....in filing of Form no. 10B for years prior to AY 2018-19-reg. Under the provisions of section 12A of Income-tax Act, 1961 (hereafter 'Act') where the total income of a trust or institution as computed under the Act without giving effect to the provisions of section 11 and section 12 exceeds the maximum amount which is not chargeable to income-tax in any previous year, the accounts of the....

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....nt of the trust from claiming exemption under sections 11 and 12 of the Act. 3.  Representations have been received by the Board/ field authorities stating that Form no. 10B could not be filed along with the return of income for AY 2016-17 and AY 2017-18. It has been requested that the delay in filing of Form no. 10B may be condoned. Previously, vide instruction in F. No. 267/482/77-IT(par....

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....t to the filing of the return of income but before the date specified under section 139 of the Act is condoned. (ii)  In all other cases of belated applications in filing Form no. 10B for years prior to AY 2018-19, the Commissioners of Income-tax are authorized to admit such applications for condonation of delay u/ s 119(2)(b) of the Act. The Commissioners will while entertaining suc....