CIRCULAR NO. 06/2021
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
New Delhi, Dated: March 26, 2021
Sub: CONDONATION OF DELAY UNDER SECTION 119(2)(B) OF THE INCOME-TAX ACT, 1961 IN FILING OF FORM NO. 10BB FOR A.Y. 2016-17 AND SUBSEQUENT YEARS - Reg.
It has been brought to the notice of the Board that the Exemption Charges are continuously receiving applications for condonation of delay in filing Form 10BB for years prior to AY 2018-19.
2. In view of the above, in partial modification of Circular No 19/2020 dated 03.11.2020, the last sentence of Para 4(i) of the Circular may be read as under:
"Further, all such pending applications as well as applications received henceforth shall be disposed off preferably within three months from the end of the month in which the application is received."
3. This modification takes effect from 31st day of March, 2021.
