INCOME TAX CIRCULAR BREAKING:
CBDT issues Circular 01/2026 clarifying that the jurisdictional PCIT/CIT is the competent authority to condone delay in filing Form 10A for registration u/s 12A(1)(ac)(i).
✅ This removes ambiguity that existed due to CPC Bengaluru being the authority for issuing registration.
✅ The circular further provides that this relief will apply to all cases where Form 10A was filed late and condonation applications are pending or filed on/after the date of the circular, ensuring that eligible trusts are not denied registration benefits merely due to procedural delays.
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