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Untitled Document
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI
CIRCULAR NO
14/2024, Dated: October 30, 2024
Sub: - Condonation of delay under clause (b) of sub-section (2) of section 119 of the
Income-tax Act, 1961 for returns of income claiming deduction u/s 80P of the Act for
Assessment Year 2023-24-Reg.
Applications have been received in the Central Board of Direct Taxes (hereafter
referred to as 'the Board') from co-operative societies claiming deduction u/s 80P of the
Act for assessment year 2023-24, regarding condonation of delay in furnishing return of
income and to treat such returns as 'returns furnished on or before the due date under sub-section
(1) of section 139 of the Act' stating that delay in furnishing return of income was
caused due to delay in getting the accounts audited under the respective State Laws.
2. In order to mitigate the genuine hardship to the assessees, the Board, in exercise of
its powers conferred under section 119 of the Act, hereby extends the applicability of
Circular No.13/2023 dated 26.07.2023 to the AY 2023-24, subject to the conditions
stipulated therein.
3. Hindi version to follow.
[F.No.173/92/2024-ITA-1]
(Vikas Singh)
Director (ITA-1)
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