Income Tax notices to Bhave routine affair: CBDT

The Income Tax Department (ITD) today said that it had issued notices to former Sebi chairman C B Bhave to furnish information in support of his return filed for the 2009-10 assessment year.

The ITD has also initiated enquiry against two serving members of the Security and Exchange Board of India (Sebi), said a CBDT release.

"The tax proceeding in question is scrutiny of tax return of Bhave for A.Y. 2009-10 picked up by the computer aided scrutiny selection (CASS) of the ITD," it said, adding that these are routine tax proceedings and have no connection with any complaint or his tenure as chairman Sebi.

The CBDT has issued the clarification in response to media reports, which, according to the Board, created an impression that the government is trying to harass him through ITD. (PTI)