The Income Tax survey being conducted on eight locations of Panjab Sweet House, State’s largest group of hotels and restaurants, including Capitol Hill, Capital Residency, Kathi Kabaab, Keveri Restaurants and other establishments owned by it was finally concluded on Thursday evening during which Rs 35 crore of undisclosed assets were recovered, said IT sources. The survey, which was started on Wednesday evening continued till late night.
Sources in the Income Tax Department confirmed that assets worth Rs 35 crore, both movable and immovable, were recovered during the survey. A team of more than 75 Income Tax officials, under the leadership of Assistant Commissioner Bhawna Gulati, have been conducting the survey on at least eight locations of the establishments owned by Bhatia family. This is for the first time that the IT has conducted survey on Bhatia Group, which is one of the oldest in the Capital City.