https://www.taxtmi.com/circulars?id=9084 The clarification directs that the Board's Circular No.221 governs darshani hundi transactions within the three specified categories in paragraph 4 and that Income tax Officers must apply those rules. Transactions not falling within those categories must be referred to Commissioners, who are to bring such cases to the Board's attention so that further instructions may be issued. en-us Thu, 16 Jun 1977 00:00:00 +0530 Thu, 02 Jun 2011 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9084 The clarification directs that the Board's Circular No.221 governs darshani hundi transactions within the three specified categories in paragraph 4 and that Income tax Officers must apply those rules. Transactions not falling within those categories must be referred to Commissioners, who are to bring such cases to the Board's attention so that further instructions may be issued. Circulars Income Tax Thu, 16 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9084