CBDT allows Condonation of Delay to Charitable Institutions in filing Income Tax Returns for AY 2016-17 Onwards [Read Notification]

The Central Board Of Direct Taxes ( CBDT ) has allowed condonation of delay to Charitable Institutions who had to seek the same for the assessment year 2016-2017 onwards on the grounds of Hardship.

The Board had earlier issued Circulars authorizing the Commissioners of Income Tax to admit belated applications of Form 9A and Form 10 and to decide on merit the condonation of delay u/s 119(2)(b) of the Income-tax Act, 1961 (Act).

However, in those cases where the Income Tax Returns have also been filed beyond the due date prescribed under section 139(1) of the Act, the condonation of delay in filing of Form 9A & Form 10 by the Commissioners is not of any help to the assessee, as section 13(9) of the Act stipulates twin conditions of filing of Form 9A/Form 10 and also of filing Return of Income before the due date to the Charitable Institutions.