802/CBDT.

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..... edure relating to carry forward of arrear demand and follow-up action for recovery with particular reference to defaulters, who have been declared insolvent. 2. The Board desire that the following steps should be taken to ensure prompt and timely action in the cases of assessees who have become insolvent: (a) Claim in respect of assessees declared insolvent should be filed before the Official .....

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..... reason it is considered not necessary to keep the assessee's name alive on the Register, reasons for the removal of the name should be recorded and the name simultaneously entered in the register of discontinued cases. (e) Records relating to the assessee who have been declared insolvent should be promptly indexed and their safe custody and storage ensured. (f) ITO/Inspecting Assistant commiss .....

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..... ould be borne in mind while processing cases of arrears outstanding against insolvents. Section 48 of the Presidency Towns Insolvency Act, 1909 read with Second Schedule of the said Act and part II of the Provincial Insolvency Act, 1920 lay down the detailed procedures to be followed in the cases of insolvency from the act of insolvency to the discharge of the insolvent. It would be advisable for .....

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