CBDT vide its Circular no. 6 of 2022 dated 17th March 2022 has decided to condone the delay in Filing of Form 10-IC as per Rule 21AE of the Income Tax Rules 1962, for FY 2019-20 (AY 2020-21) if following conditions are satisfied:

1] The return of income for AY 2020-21 has been filed on or before the due date;

2] The assessee company has opted for taxation under section 115BAA of the Income Tax Act, 1961 in (e) of “Filling Status” in “Part A -GEN” of the Return of Income ITR-6 and;

3] Form 10-IC is filed electronically on or before 30 June 2022 or 3 months from the end of the month in which this Circular is issued, whichever is later.