Restaurant chains raided by Income Tax, know more

In a massive swoop by the Income Tax officials, at least five popular restaurant chains in Chennai were raided today.

The list of institutions raided includes Saravana Bhavan group as well.

IT sources said that the other institutions that were raided includes Hot Breads, the Anjappar group and two groups of Grand Sweets in Chennai.

Searches are underway at 32 locations in the city, including the homes and offices of the directors of the restaurant groups.

Income Tax department officials said the searches are being done following complaints of alleged tax evasion.

Saravana Bhavan, the most well-known among the five restaurant groups, has its outlets in 20 countries including the US, the UK, France and Australia.

The restaurant chains are yet to respond to the tax raids.

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