Income Tax Raids on Famous Dhaba Group Highway King:

Income Tax Raids on Famous Dhaba Group Highway King

The cash transaction done by Dhaba Chain is specifically being utilised to buy and lease land for the hotel.

Income Tax Raids

authorCA Pratibha GoyaldateMay 15, 2023
Last update on May 15, 2023
Income Tax Raids on Famous Dhaba Group Highway King On Saturday, the offices of the renowned Road Dhaba chain Highway King were searched by the Income Tax Department. Teams from the Income Tax Department's Investigation Branch performed a combined search of the hotel property. In the morning, simultaneous raids were conducted on the bases in Rajasthan and Haryana. According to sources inside the Income Tax Department, the department had received accusations that the well-known Dhaba chain Highway King was doing significant cash transactions. The money is specifically being utilized to buy and lease land for the hotel. The department also received complaints about other transactions being conducted entirely in cash. The Income Tax Department's Investigation Branch conducted a search warrant at Dhaba Group Highway King on Saturday morning. At the same time, the group's hotels, petrol stations, homes and offices were all raided. The department has discovered a significant amount of cash, records of transactions totaling crores of rupees, and some dubious electronic evidence thus far in the raid. which has not yet been confirmed.

About Author

CA Pratibha Goyal

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CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.
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