CBDT Authorises CCIT/DGIT Rank Officials To Condone Delay In ITR-filing By Co-Operative Societies

The Central Board of Direct Taxes (CBDT) has authorised Chief Commissioners of Income Tax (CCIT) and Directors General of Income Tax (DGIT) rank officials to condone delays in ITR-filing by cooperative societies.

"CCIT and DGIT are required to admit all pending and new applications and decide them on merits, in accordance with the law where such a person is required to get his accounts audited under respective State Laws," CBDT said.

The applications have been received by the CBDT from co-operative societies claiming deduction under Section 80P for various assessment years from AY 2018-19 to AY 2022–23, regarding condonation of delay in furnishing return of income and to treat returns as 'returns furnished within the due date under Section 139(1), stating that delay in furnishing return of income was caused due to delay in getting the accounts audited under respective State Laws.

The board decided that three months was the preferable amount of time for processing applications while upholding natural justice standards.

Circular No. 13/2023

Date: 26/07/2023

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