CBDT allows Condonation of Delays in Form 10IB and Form 10IC Fillings for Covid Period Assessment Years

The CBDT has allowed the condonation of delays in filing Forms 10IB and 10IC for the COVID period assessment years. This decision provides relief to taxpayers who were unable to meet the filing deadlines due to the disruptions caused by the pandemic. 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 addressing taxpayer concerns and facilitating compliance during challenging times.