IT dept conducts searches on McDonald's franchise

Image
Press Trust of India New Delhi
Last Updated : Apr 17 2018 | 10:20 PM IST

The Income Tax today carried out searches at premises of Hardcastle Restaurants Pvt ltd (HRPL), the master franchisee of fast food chain McDonald's, in Delhi and Mumbai, officials said here.

The Income Tax officials alleged that searches were carried out against the HRPL following allegations of tax evasion.

HRPL is a step down subsidiary of Westlife Development Ltd, a company listed on stock exchanges, including BSE.

It is headed by Banwari Lal Jatia as Chairman and Amit Jatia as the Vice-Chairman of the company.

Efforts to seek comments from the company officials did not fructify as they did not reply to emails sent to them.

According to the information available on HRPL's portal, it was operating 252 restaurants as of December 31, 2016, across 34 cities and 10 states in west and south India.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 17 2018 | 10:20 PM IST

Next Story