More than 20 Income Tax officials have been conducting raids for more than two hours at the Saravana Selvarathnam textile shop on Oppanakkara Road in Coimbatore. Customers have been denied access to the store due to a surprise raid by the Income Tax Department.
Coimbatore: The Income Tax Department is conducting an inspection at the Saravana Selvarathinam business in Coimbatore.
It has been reported that more than 20 officers are involved in the investigation. Apart from Chennai, the company also operates jewellery, clothing, textile and home supermarkets in cities including Coimbatore, Madurai and Tirunelveli.
The Income Tax authorities have been conducting a surprise inspection since this morning following complaints of tax evasion in the Super Saravana Stores owned by Selva Rathinam and Rajaratnam operating in various parts of Tamil Nadu. As part of this, more than 20 Income Tax officials have been conducting raids for more than two hours at the Saravana Selvarathinam textile shop in Oppanakara Road in Coimbatore.
Customers have been denied access to the store due to a surprise raid by the Income Tax Department. Thus customers who visited the store returned disappointed. It is to be noted that about Rs 434-crore worth of documents were seized during the raids by IT officials in 2019 following a complaint of tax evasion at Super Saravana store companies.
It has been reported that more than 20 officers are involved in the investigation. Apart from Chennai, the company also operates jewellery, clothing, textile and home supermarkets in cities including Coimbatore, Madurai and Tirunelveli.
The Income Tax authorities have been conducting a surprise inspection since this morning following complaints of tax evasion in the Super Saravana Stores owned by Selva Rathinam and Rajaratnam operating in various parts of Tamil Nadu. As part of this, more than 20 Income Tax officials have been conducting raids for more than two hours at the Saravana Selvarathinam textile shop in Oppanakara Road in Coimbatore.
Customers have been denied access to the store due to a surprise raid by the Income Tax Department. Thus customers who visited the store returned disappointed. It is to be noted that about Rs 434-crore worth of documents were seized during the raids by IT officials in 2019 following a complaint of tax evasion at Super Saravana store companies.