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Opening of Personal Deposit Account.

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Full Text of the Document

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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 account....

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