Transfer of cash lying in PD Account - Income Tax - F.No.286/104/2009- IT (Inv.II)

F.No.286/104/2009- IT (Inv.II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 24 August, 2009 To, All Director Generals of Income Tax (Inv.) (Intell.) All Chief Commissioners of Income Tax (Central) All Chief Commissioners of Income Tax(CCA) Sir/Madam, Sub - Transfer of cash lying in PD Account- Instructions Instances have come to notice of Board that there is unreasonable delay in transfer of seized cash deposited in the PD Account of Investigation Directorate to the PD Account of Jurisdictional CIT.. 2. In this regard, it is hereby directed that seized cash should be transferred from the PD Account of the DIT/Addl. Joint DIT(Inv.) to the PD Account of the CIT with whom the cases have been centralized within 15 days from the date of centralization order. If the amount is not transferred within the stipulated period then the same along with reasons should be reported by the DGIT (Inv.) in the MIS Report and monthly DO letter of the Member (Inv.), CBDT. 3. This Instruction may be brought to knowledge of all Income Tax authorities working in your region. Yours faithfully, (D. Srinivas) Director (Inv.II III)