Assessee filed an application under section 119(2)(b) dated 6-12-2022 before Chairman, CBDT for condonation of delay in filing Form No. 10-IC under section 115BAA which was pending. On writ the assessee prayed for issuing the direction to Chairman, CBDT to consider and dispose of its aforesaid application. High Court directed the Chairman, CBDT to consider and dispose the application within a period of six weeks. Court also directed the Assessing Officer to consider and dispose the application for stay application within a period of eight weeks. (AY. 2021-22)
Metroark (P.) Ltd. v. ITO (2023) 459 ITR 788/ 295 Taxman 504 (Cal.)(HC)
S. 119 : Central Board of Direct Taxes-Form No 10IC-Condonation of delay-Directed to dispose the application within a period of six weeks-Stay application-Assessing Officer is directed to consider and dispose of application within a period of eight weeks [S. 115BAA,220, Art. 226]