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The Hindu
The Hindu
National
PTI

IT department detects over ₹400 crore tax evasion after raids on Tamil Nadu-based liquor, hospitality groups

Tamil Nadu Central Board of Direct Taxes Chennai Coimbatore Hyderabad

The Income Tax department has detected a "large-scale tax evasion" of over ₹400 crore after recently raiding a Tamil Nadu-based group engaged in liquor manufacturing and hospitality, the Central Board of Direct Taxes [CBDT] said on June 20.

The raids were launched on June 15 and more than 40 premises in cities such as Chennai, Viluppuram, Coimbatore, and Hyderabad were covered.

"Undisclosed cash of ₹3 crore and unaccounted gold jewellery worth ₹2.5 crore have been seized so far," the CBDT said in a statement.

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