802/CBDT.

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....arry 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 assignee of the compe....

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....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 commissioners should maintain con....