CBDT has authorised the CIT to admit belated applications for condonation of delay under section 119(2), where there is a delay of up to 365 days in filing Form 10BB for Assessment Year 2018-19 or any subsequent Assessment Year. Further, for years prior to Assessment Year 2018-19, CIT is also authorised to admit the application for condonation of delay after satisfying himself that applicant was prevented by reasonable cause from filing such application within the stipulated time.CBDT has authorised the CIT to admit belated applications for condonation of delay under section 119(2), where there is a delay of up to 365 days in filing Form 10BB for Assessment Year 2018-19 or any subsequent Assessment Year. Further, for years prior to Assessment Year 2018-19, CIT is also authorised to admit the application for condonation of delay after satisfying himself that applicant was prevented by reasonable cause from filing such application within the stipulated time.taxmann.com NewsRead More
