Income Tax Department Raids Food and Beverage Companies in Mumbai

Income Tax Investigations Target Multiple Companies

The Income Tax Department has conducted raids on several food and beverage firms in Mumbai, including one linked to actress Shilpa Shetty. This operation is part of an investigation into alleged tax evasion, as reported by official sources on Thursday.

According to insiders, the raids began on Wednesday and targeted approximately 20 to 24 locations in and around Mumbai. The department received credible information regarding certain companies in the area suspected of engaging in illegal or cash transactions.

The raids also included the office premises of a restaurant co-owned by Shetty and others. However, they denied any reports of tax officials conducting searches at Shetty's residence in Mumbai.

Tax authorities clarified that the ongoing investigation is unrelated to any First Information Report (FIR) filed against Shetty and her husband Raj Kundra by the Maharashtra police for fraud allegations, nor is it connected to an FIR lodged by the Bengaluru police against a local restaurant for allegedly operating beyond legal working hours.