Black Money: Retiring CBDT chief may be SIT adviser

  • Sanjib Kr Baruah, Hindustan Times, New Delhi
  • Updated: Oct 30, 2014 00:26 IST

After his retirement as the chairperson of Central Board of Direct Taxes (CBDT) on Friday, K V Chowdary is tipped to take over as adviser of the Special Investigation Team (SIT) on black-money.

A 1978-batch Indian revenue service officer, Chowdary, at present is also a member of the SIT. His elevation as SIT adviser, a newly created post, is expected to smoothen the exchange of information between the CBDT and the other enforcement and intelligence agencies.

It has been alleged that CBDT has been reluctant to share information of lists containing details of individuals who stash their black money in foreign bank accounts in tax havens.

“We do not have any information on this black money bank accounts list. It is being handled by the CBDT and they have not shared this list with us,” said a senior official from one of the agencies that comprise the SIT.

Media had also quoted a SIT top source as having said that even the SIT was not privy to the details of three Indian account holders, whose names were disclosed by the Centre on Tuesday. On Wednesday, the government gave a list of 627 individuals having bank accounts in foreign countries in a sealed cover to the Supreme Court on the latter’s orders.

In one of the meetings of the economic intelligence committee, the CBDT had also chided another government agency not to keep on asking periodically about progress in cases of black money in tax havens.

Chowdary will be succeeded by Anita Kapur, a 1978-batch Indian revenue service officer. Kapur at present is the CBDT member on legislation and computerisation and income tax.

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