I-T raids Saravana Bhavan, Anjappar, Grand Sweets and Hot Breads in Chennai
Searches are being conducted in 32 locations, according to a top Income Tax department official.
Published: 03rd January 2019 01:38 PM
Searches are being conducted at the offices and residences of the directors of Saravana Bhavan and four other hotels. (Photo | P Jawahar)
By Online Desk
CHENNAI: Four top restaurant chains in Chennai were raided by the Income Tax department for alleged tax evasion on Thursday morning. Searches were conducted in 32 locations, according to a top Income Tax department official.
The official told Express that searches took place at the offices and residences of the directors of Saravana Bhavan, Anjappar, Grand Sweets and Hot Breads. All four are popular restaurant chains in the city and some have branches abroad too.
"The raids at many locations in Chennai began at 8 a.m. and continued till late evening," a senior IT official told IANS. "Only after the searches end, the tax evasion can be quantified."
At some places, IT officials examined the records till late in the evening. Roughly, there were over 30 locations where the hundred-strong team of officials descended early in the morning.
The investigation is aimed at finding out if the hotel chains and eateries had suppressed income.
Of the four groups, Saravana Bhavan, established by P Rajagopal in 1981, is the most famous.
"He brought prestige to the vegetarian business," Manoharan, a competitor running another famous chain Murugan Idli said of Rajagopal to New York Times in an interview. "He made a revolution."
Anjappar was established in 1964 and offers traditional Chettinad cuisine at more than 70 outlets.
The Grand Sweets and Snacks was established in 1982 by G Natarajan. Among the most famous customers of the original Grand Sweets is the film director Mani Ratnam.
Searches are being conducted in 32 locations, according to a top Income Tax department official.
Published: 03rd January 2019 01:38 PM
Searches are being conducted at the offices and residences of the directors of Saravana Bhavan and four other hotels. (Photo | P Jawahar)
By Online Desk
CHENNAI: Four top restaurant chains in Chennai were raided by the Income Tax department for alleged tax evasion on Thursday morning. Searches were conducted in 32 locations, according to a top Income Tax department official.
The official told Express that searches took place at the offices and residences of the directors of Saravana Bhavan, Anjappar, Grand Sweets and Hot Breads. All four are popular restaurant chains in the city and some have branches abroad too.
"The raids at many locations in Chennai began at 8 a.m. and continued till late evening," a senior IT official told IANS. "Only after the searches end, the tax evasion can be quantified."
At some places, IT officials examined the records till late in the evening. Roughly, there were over 30 locations where the hundred-strong team of officials descended early in the morning.
The investigation is aimed at finding out if the hotel chains and eateries had suppressed income.
Of the four groups, Saravana Bhavan, established by P Rajagopal in 1981, is the most famous.
"He brought prestige to the vegetarian business," Manoharan, a competitor running another famous chain Murugan Idli said of Rajagopal to New York Times in an interview. "He made a revolution."
Anjappar was established in 1964 and offers traditional Chettinad cuisine at more than 70 outlets.
The Grand Sweets and Snacks was established in 1982 by G Natarajan. Among the most famous customers of the original Grand Sweets is the film director Mani Ratnam.
Grand sweets in Spur Tank Road, Chetpet
Hot Breads was started by M Mahadevan, a former Assistant Professor at Madras University, who in an interview claimed that his inspiration to enter the industry came from Arthur Hailey's Hotel.
Further details are awaited.
(With inputs from Express News Service and IANS)
Hot Breads was started by M Mahadevan, a former Assistant Professor at Madras University, who in an interview claimed that his inspiration to enter the industry came from Arthur Hailey's Hotel.
Further details are awaited.
(With inputs from Express News Service and IANS)
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