circular no. 19/2023 condonation of delay under section 119 2 b of the income tax act 1961 in filing of form no. 10 ic for assessment year 2021 22

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F.No.173/32/2022-ITA-l Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. I ~ 12023 New Delhi the 23,d October, 2023 Sub: Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22 - Reg. In exercise of the powers conferred under section 119(2)(b) of the Income-tax Act, 1961 ('the Act'), the Central Board of Direct Taxes ('CBDT') by Circular No. 612022 of even number dated 17.03.2022 condoned the delay in filing of Form No. 10-IC as per Rule 21AE of the Income-tax Rules, 1962 ('the Rules') for the previous year relevant to A.Y. 2020-21 in cases where the conditions stipulated in the said Circular are satisfied. 2. Representations have been received by CBDT stating that Form No. 10-IC could not be filed for A.Y. 2021-22 within the due date or extended due date, as the case may be. It has been requested that the delay in filing of Form No. 10-IC for A.Y. 2021-22 may be condoned. 3. On consideration of the matter, with a view to avoid genuine hardship to the domestic companies in exercising the option u/s 115BAA of the Act, CBDT in exercise of the powers conferred under section 119(2)(b) of the Act, hereby directs that: - The delay in filing of Form No. 10-IC as per Rule 21AE of the Rules for previous year relevant to A.Y. 2021-22 is condoned in cases where the following conditions are satisfied: i) The return of income for relevant assessment year has been filed on or before the due date specified under section 139(1) ofthe Act; ii) The assessee company has opted for taxation uls 115BAA of the Act in item ( e) of "Filing Status" in "Part A-GEN" of the Form of Return ofIncome ITR-6; and - iii) Fonn No. 10-IC is filed electronically on or before 31.01.2024 or 3 months from the end of the month in which this Circular is issued, whichever is later. Director (ITA-I) Copy to: I. PS to FMlOSD to FMlPS to MoS (R)/OSD to MoS(R) 2. PS to Revenue Secretary 3. Chainnan, CBDT & All Members, CBDT 4. All Principal Chief Commissioners of Income-tax I Principal Director Generals of Income-tax. 5. DGIT(Systems), New Delhi 6. Pro Chief Controller of Accounts, New Delhi. 7. All Joint Secretaries/CsIT, CBDT 8. Web Manager, 010 DGIT(Systems) with request to upload on the departme.ntal website of incometaxindia.gov. in. 9. Commissioner of Income-tax (Media & TP) and official Spokesperson, CBDT, New Delhi. 10. Secretary General, IRS Association! Secretary General, ITGOAI All-India Income Tax SC & ST Employees' Welfare Association I Income Tax Employees Federation (ITEF). 11. JCIT, Data-Base Cell for uploading on irsofficersonline.gov.in. '\\~~ Director (ITA-I)