SECTION 220 OF THE INCOME-TAX ACT, 1961-BUNCHING OF ENTRIES OF OUTSTANDING INCOME TAX DEMAND – “REGISTER OF BUNCHED ARREAR ENTRIES” INSTRUCTION NO. 1897 [F.NO.385/23/92-IT(B)], DATED 31-8-1992 As you are aware, the mounting income-tax arrears have been a matter of great concern over the last few years. Reduction of outstanding demand has, therefore, been made one of…