New Form Nos. 11, 11A and 12 incorporating provisions of Explanation inserted by Taxation Laws (Amendment) Act, 1970 not to be insisted upon for assessment years 1971-72 and 1972-73 but firms be allowed opportunity to file application in new forms
1. Board had vide their Circular No. 70 [F. No. 210/33/71-IT(A-II)], dated 11-12-1971 [ Clarification 1] made a provision to the effect that where applications for fresh registration, continuation or renewal of registration in the old Form Nos. 11, 11A and 12 were filed, the Income-tax Officer should allow the firm concerned an opportunity of filing the application in the revised forms within a period of one month from the date of intimation from the Income-tax Officer regarding the necessity of filing the application in the revised form. If such revised application is filed, the same should be disposed of on merits. This was applicable for the assessment year 1971-72 only.
2. Fresh representations have been received to the effect that the new forms were not available in certain areas and the assessees had to file the applications on the existing forms for the assessment year 1972-73 also.
3. It has been decided by the Board that in order to remove hardship in such cases, the instructions contained in the Board’s Circular No. 70, dated 11-12-1971 are to be extended so as to cover the assessment year 1972-73 as well.
Circular: No. 99 [F. No. 210/24/72-IT(A-II)], dated 21-12-1972.
