I-T Dept survey on 62 eateries shows sales suppression of ₹408 cr

The Income Tax Department on Sunday conducted a nationwide verification exercise on restaurants suppressing turnover. The exercise revealed suppression of sales amounting to around ₹408 crore by 62 restaurants across 46 cities in 22 states. This comes weeks after investigators uncovered a tax evasion racket involving concealed turnover estimated at nearly ₹70,000 crore at a Hyderabad outlet.