K V Chowdary News

The announcement may come as a relief to bureaucrats, some of whom complain of a rise in motivated allegations of corruption against them ahead of a proposed promotion, impaneling or posting.

The CBI and ED are probing transactions of Rs 6,100 crore to Hong Kong from a Bank of Baroda's Ashok Vihar branch in Delhi which is believed to be trade-based money laundering as the amount was transferred in garb of payments for imports, that never took place.

Former CBDT chairman K V Chowdary has been given a three-month extension as the advisor to the Special Investigation Team (SIT) on black money.

Chowdary will take charge of the new post from Saturday on his retirement after serving over three decades in the Income Tax cadre of the Indian Revenue Service.

Undisclosed income to the tune of Rs 90,000 crore was detected during 2013-14 in various searches and surveys conducted by the Income Tax department, a top official from the Central Board of Direct Taxes (CBDT) said here on Friday.

Senior IRS officer K V Chowdary has been appointed as the new Chairman of the Central Board of Direct Taxes (CBDT), the top policy making body of the Income Tax department.

Senior IRS officer K V Chowdary is tipped to be the new Chairman of the Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department.