CBDT allows CCIT rank officials to condone delay in ITR filing for Co-operative Societies

The Central Board of Direct taxes and Customs (CBDT) has authorised the Chief Commissioner of Income Tax and Directorate General of Income Tax to condone delay in filing income tax return for cooperative society.

The authorisation was given to reduce pendency of application and will be applicable for tax returns filed for Assessment Year 2018-19 to Assessment Year 2022-23.

The board has prescribed three months as preferable time for disposal of applications while adhering to the principles of natural justice.


"CCIT/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 in a circular dated July 26.

The official has to consider if the delay in furnishing the return of income within the due date was caused due to circumstances beyond the control of the assessee or due to delay in getting the accounts audited by statutory auditors appointed under the respective State Law.

They also have to consider if there are instances of evasion specific to the case, which comes into the light in the course of verification and having bearing either in the relevant AY or establishing connection of relevant AY with other AYs.