CBDT authorizes CITs to
admit belated applications by Trusts in Forms 10 / 9A [Statement regarding
accumulation or setting apart of an amount as required u/s. 11(2) / application
for deemed income application for charitable / religious purposes] in respect
of AY 2016-17; Takes note of representations received that Forms 10 / 9A could
not be filed in specified time for AY 2016-17 which was the first year for
e-filing these forms; With a view to expedite the disposal of applications
filed by Trusts for condoning the delay and in exercise of powers conferred
u/s. 119(2)(b), CBDT accedes to the request of condoning the delay and directs
CITs to admit belated application; However, CBDT clarifies that the CITs, while
entertaining such belated applications, shall satisfy themselves that the
assessee was prevented by reasonable cause from filing of applications within
stipulated time; Further, in respect of Form 10, CBDT further directs CITs to
also satisfy themselves that the amount accumulated or set apart has been
invested or deposited in any one of the modes specified in Sec. 11(5).
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