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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.

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Category : Income Tax (25317)
Type : Circulars (7529) Notifications/Circulars (30517)

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