CBDT to decide Condonation of Delay

The Calcutta High Court has held that where no CBDT circular authorises the Principal Commissioner of Income Tax (PCIT) to condone delay in filing Form 10-IC for a particular assessment year, the application must be considered by the Central Board of Direct Taxes (CBDT) itself under Section 119(2)(b) of the Income-tax Act. 

The Court clarified that the PCIT cannot reject such an application merely for want of delegated authority.