Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10B for Assessment Year 2018-19 and subsequent years

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...., the 3 January, 2020 Sub: Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10B for Assessment Year 2018-19 and subsequent years- Reg. Under the provision 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 ....

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....nically. The failure to furnish such report in the prescribed from along with the return of income results in disentitlement of the trust or institution 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.....

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....y, 2019 and Circular No.28/2019 dated 27th September,  2019 both issued vide FENo.197/55/2018-ITA-I has directed that . (i) The delay in filing of Form no. 10B for A.Y. 2016-17 and AY. 2017-18, in all such cases where the Audit Report for the previous year has been obtained before the filing of return of income and has been furnished subsequent to the filing of the return of income but bef....