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.
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