NEWS

CCD under radar, as IT officials look for undisclosed income

The Income Tax Department on Thursday conducted raids at the residence of the VG Siddhartha, the son-in-law of former Karnataka Chief Minister SM Krishna, who is also the owner of the popular cafe chain Cafe Coffee Day (CCD).
 
Over 20 locations in Bengaluru, Mumbai, Chennai and Chikmagalur being raided and some CCD outlets have also been raided. The search operations are still on at the CCD head office in UB City, Vittal Mallya Road. Income Tax department sleuths said that the search operations were conducted in relation to a new case to verify if there was any undisclosed income and not related to any of the past cases.
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