Hyderabad IT Raids on Restaurants: ₹20 Crore Cash and Gold Seized
The Hyderabad IT Raids on Restaurants have created a major buzz across the city as the Income Tax Department conducted large-scale inspections on leading food chains including Pista House, Shah Ghouse, and Mehfil Restaurants. These Hyderabad IT Raids on Restaurants took place across nearly 30 locations, covering outlets, corporate offices, and owners’ residences in areas like Lakdikapool, Attapur, Shaikpet, Tolichowki, and Gachibowli.
During the Hyderabad IT Raids on Restaurants, officials reportedly seized close to ₹20 crore in unaccounted cash, along with a significant quantity of gold. Authorities also recovered documents related to benami properties, digital payment trails, and possible hawala-linked money routes. The Hyderabad IT Raids on Restaurants also revealed multiple UPI IDs being operated in the names of staff members, raising concerns about hidden
transactions and suppressed sales. With the Hyderabad IT Raids on Restaurants still in progress, investigators are analysing seized records to understand the scale of undisclosed income. These raids have sent strong shockwaves through Hyderabad’s food and hospitality sector, highlighting the growing crackdown on tax evasion.
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