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<h1>Income Tax Act 1961: Guidance on Darshani Hundi Transactions u/s 69D; Refer to Circular No. 221, 1977.</h1> The circular provides clarification on Section 69D of the Income Tax Act, 1961, specifically regarding Darshani hundi transactions. It refers to Board's Circular No. 221, dated June 6, 1977, and instructs Income-tax Officers to refer any Darshani hundi transactions not covered by the specified categories in paragraph 4 of the Circular to their respective Commissioners. The Commissioners are then required to notify the Board to facilitate the issuance of appropriate instructions.