CBDT Allows Condonation of Delay for Filing Forms 10-IC and 10-ID for AYs 2020-21 to 2022-23

The CBDT has allowed the condonation of delay for filing Forms 10-IC and 10-ID for Assessment Years 2020-21 to 2022-23. This decision aims to provide relief to taxpayers who faced genuine hardships in meeting the filing deadlines. The condonation is subject to certain conditions, including the timely filing of income tax returns and the electronic submission of the forms by the extended deadline. This move reflects the CBDT’s commitment to facilitating compliance and addressing taxpayer concerns, particularly in light of the challenges posed by the COVID-19 pandemic.