Clarification regarding power to condone delay in filing Form No. 10A under sub-clause (i) clause (ac) of section 12A(1) of the Income Tax Act, 1961

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.... Subject: Clarification regarding power to condone delay in filing Form No. 10A under sub-clause (i) clause (ac) of sub-section (1) of section 12A of the Income Tax Act, 1961 - reg. Section 12A of the Income Tax Act, 1961 ("the Act") prescribes the conditions for applicability of sections 11 and 12 of Income Tax Act, 1961 (hereinafter referred to as the "Act"). 2. In terms of sub-clause (i) ....

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....re is a reasonable cause for delay in filing the application, condone such delay and such application shall be deemed to have been filed within time;]" 3.1 However, in terms of Rule 17A(5) of the Income-tax rules, 1962 read with Notification S.O. 1443(E) [No.30 /2021 / F. No.370142/4/2021-TPL) dated 01.04.2021 followed by Notification S.O. 2161(E) [NO. 52/2022 / F.NO.370142/4/2021-TPL], date 09....