September 21, 2020
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IT Raids Popular Food Chains Including Saravana Bhavan In Tamil Nadu

Over two dozen premises of popular food chains including restaurants and hotels were raided by the Income Tax Department on Thursday in Tamil Nadu on charges of alleged tax evasion.

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IT Raids Popular Food Chains Including Saravana Bhavan In Tamil Nadu
Courtesy: Twitter/ANI
IT Raids Popular Food Chains Including Saravana Bhavan In Tamil Nadu
outlookindia.com
2019-01-03T16:45:40+05:30

Over two dozen premises of popular food chains including restaurants and hotels were raided by the Income Tax Department on Thursday in Tamil Nadu on charges of alleged tax evasion, officials said.

They said that the raids are being carried out at 32 locations of companies like Saravana Bhavan, Hot Bread, Anjappal and Grand Sweets.

The residences and offices of the directors of these food-joint chains are being raided by a team of over 100 IT sleuths, the officials said.

These hotels serve some of the best south Indian delicacies, including cakes, pastries and sweets that are even shipped abroad, a senior official said.

Searches are being conducted to obtain further evidence and that the department is looking into allegations of suppression of income by these groups by various means, the officials added.

PTI


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