Income Tax raids on restaurant chains

raid.JPG

Chennai: Income-tax investigators on Tuesday knocked on the doors of the well-known vegetarian restaurant chains, Hotel Saravana Bhavan and Adyar Ananda Bhavan of Tamil Nadu, to verify possible tax evasion by them.
Sources in the Income-tax department said the searches were carried out in nearly 40 places across India where the two chains of restaurants have branches, besides the proprietors’ offices, godowns and houses.
Income-tax sources said the searches began arou­n­d 8 am and over 35 team­s, comprising nearly 200 members, were conducting searches in Chennai and other parts of the state.
The raid teams had reportedly seized incriminating documents and unaccounted cash, but the officials did not divulge what the papers contained. The Income-tax officers raided 10 premises belonging to Saravana Bhavan and Adyar Ananda Bhavan.
Sources said the raids were also being carried out in places like Tirunelveli, Madurai, Salem and Trichy. Ten teams are also operating outside the state to verify tax evasion, the Income-tax sou­rce said.
Hotel Sara­vana Bhavan, founded in 1981 by P. Rajagopal, has emerged over a period of time as the largest vegetarian restaurant chain, serving south Indian cuisine and having about 20 restaurants in Chennai and around the city.
It has also expanded its base in Delhi and in a few other south Indian states. It has outlets in the UK, USA, Canada, France, Germ­any, Singapore, Malaysia and in the Middle-East.
Adyar Ananda Bhavan Sweets and Snacks was founded by K.S. Thiru­pathi Raja in Chennai nearly 30 years ago and expanded to Kanc­heepur­am, Erode, Madurai, Tiruchy, Coim­batore, Tir­u­p­u­r and Delhi beside­s starting branches in Pud­uc­h­e­rry and Karnataka. 

Post new comment

<form action="/comment/reply/245281" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: &lt;a&gt; &lt;em&gt; &lt;strong&gt; &lt;cite&gt; &lt;code&gt; &lt;ul&gt; &lt;ol&gt; &lt;li&gt; &lt;dl&gt; &lt;dt&gt; &lt;dd&gt;</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-0878d59610f7351351d6c9251e26c8aa" value="form-0878d59610f7351351d6c9251e26c8aa" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="81583739" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>

No Articles Found

No Articles Found

No Articles Found

I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.