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Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No, 10 and Form No. 9A for Assessment Year 2018-19 and subsequent years - Income Tax - 03/2020

Extract

..... respect of income derived from property held under such trust or institution is that the income derived from property held under trust or institution should be applied during the previous year, and it has to be accumulated and applied for such purposes in accordance with various conditions provided in the section. 2. The Finance Act, 2015 amended section 11 and section 13 of the Act with effect from 01.04.2016 (Assessment Year 2016-17). Consequently, Income-tax Rules, 1962 (hereafter 'Rules& .....

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Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No, 10 and Form No. 9A for Assessment Year 2018-19 and subsequent years - Income Tax

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..... itable or religious purpose. 4. Representations have been received by the Board/field authorities stating that Form no. 9A and Form No. 10 could not be filed along with the return of income starting from AY. 2016-17, which was the first year of e-filing of these forms, and for subsequent assessment years also. It has been requested that the delay in filing of Form No.9A and Form No. 10 may be condoned under Section 119(2)(b) of the Act. 5. Accordingly, in suppression of earlier Circulars / Instr .....

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Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No, 10 and Form No. 9A for Assessment Year 2018-19 and subsequent years - Income Tax

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..... delay u/s 119(2) of the IT Act and decide on merits. 7. The Commissioners of Income-tax shall, while entertaining such belated applications in Form No.9A and Form No. 10, satisfy themselves that the assessee was prevented by reasonable cause from filing of applications in Form No.9A and Form No. 10 within the stipulated time. Further, in respect of Form No. 10, the Commissioners shall also satisfy themselves that the amount accumulated or set apart has been invested or deposited in any one or mo .....

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Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No, 10 and Form No. 9A for Assessment Year 2018-19 and subsequent years - Income Tax

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