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of <h1>New Directive: Transfer Seized Cash Within 15 Days of Centralization Order or Report Delay Reasons</h1> The circular from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, addresses delays in transferring seized cash from the PD Account of the Investigation Directorate to the PD Account of the Jurisdictional CIT. It mandates that such transfers occur within 15 days of a centralization order. If not completed within this timeframe, the delay and reasons must be reported by the DGIT (Inv.) in the MIS Report and monthly DO letter to the Member (Inv.), CBDT. The instruction is to be communicated to all relevant Income Tax authorities.
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