Opening of Personal Deposit Account.

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..... #39;s letter No. 380/5/84-IT(B) dated 31-13-1985 wherein it was stressed that Personal Deposit Account should be opened only with the approval of the Board. It has been reported by the CCA (CBDT) that some of the Commissioner/Tax Recovery Officers are opening unauthorised current account in Nationalised Banks for depositing and drawing of money seized during search/raid etc. In one case the accoun .....

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..... nal Deposit Account should be opened only on receipt of the sanction of the Board. It is hoped that the lapses of this nature mentioned above will be avoided in future, as otherwise this is likely to result in adverse criticism by the Comptroller & Auditor General of India and the Public Accounts Committee. Please acknowledge receipt of this letter and also intimate the full details of Personal De .....

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