Srivastava, new CBDT chief

By Our Staff Reporter

NEW DELHI, AUG. 1. Mr. O.P. Srivastava today assumed charge as chairman of the Central Board of Direct Taxes (CBDT). He takes over from Mr. A. Balasubramanian, who has retired. A 1964 batch officer of the Indian Revenue Service, he has served in various capacities. As director-general, Income Tax (Investigation), Mumbai, he is best remembered for supervising tax raids on leading Bollywood stars. He then became the chief commissioner, Income Tax (Delhi) and director-general (Administration) before taking over as CBDT member last year. He also served in the Department of Company affairs.

Mr. Srivastava takes over the reins at a time when a major restructuring exercise is under way in the IT department. He said he would work towards providing a tax-payer friendly system for the assessees.

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Section  : National
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