Whether provisions of the section are applicable to darshani hundi transactions
Circular : No. 221 [F. No. 208/25/76-IT(A-II)], dated 6-6-1977.
1. Reference is invited to Board’s Circular No. 208 [F. No. 208/7/76-IT(A-II)], dated 15-11-1976 [printed at Sl. No. 475, p. 1550 post] in which the provisions of section 69D were explained.