The Central Board of Direct Taxes (CBDT), considering the representations, has decided to condone the delay in filing of audit reports in Form 10B by the trusts or institutions for the Assessment Years 2016-17 and 2017-18. The condonation shall be granted subject to fulfillment of conditions prescribed by the board.The delay in filing of Form No. 10B for AY 2016 17 and AY 2017-18, in all such cases where the Audit Report for the previous year has been obtained before the filing of return of income and has been furnished subsequent to the filing of the return of income but before the date specified under section 139 of the Act is condone.

(ii)In all other cases of belated applications in filing Form No. 10B for years prior to AY 2018-19, the Commissioners of Income-tax are authorized to admit such applications for condonation of delay under section 119(2)(b) of the Act. The Commissioners will while entertaining such belated applications in filing Form No. 10B shall satisfy themselves that the assessee was prevented by reasonable cause from filing such application within the stipulated time. Further, all such applications shall be disposed off by 30-9-2019.