Tamil Nadu: I-T department raids 74 places for alleged tax-evasion
(Sourced from PTI)
The Income Tax Department today launched searches at 74 places in Tamil Nadu in connection with a tax evasion probe against some real estate groups and a retail store chain in the state, officials said. They said the raids are being carried out in Chennai and two places in Coimbatore against two realty groups and premises of retail chain Saravana stores, they said.
The premises of Saravana group business owner Yogirathinam Pondurai are also being covered as part of the action. A total of 74 places are being covered as part of the raids and a team of 70 tax officials are undertaking the operation with police assistance.
The department had earlier this month conducted large-scale raids on a number of popular eateries of the state including Saravana Bhawan outlets. Saravana Bhawan is a chain of international repute, known for serving quality south Indian food and delicacies, including cakes, pastries, and sweets, and some of their products are even shipped abroad. It was founded in 1981 by P Rajagopal.
