60TB billing data, 1.77 lakh restaurant IDs: How AI uncovered Rs 70,000 crore tax evasion scam starting with Hyderabad biryani chains
An Income Tax investigation into Hyderabad biryani chains uncovered a massive tax evasion scam across India's food and beverage industry. Analyzing 60 terabytes of data from a pan-India billing software, officials revealed suppressed sales turnover of at least Rs 70,000 crore since 2019-20. The probe identified deletion and under-reporting of cash transactions as key evasion tactics.
An Income Tax investigation into Hyderabad biryani chains uncovered a massive tax evasion scam across India's food and beverage industry. Analyzing 60 terabytes of data from a pan-India billing software, officials revealed suppressed sales turnover of at least Rs 70,000 crore since 2019-20. The probe identified deletion and under-reporting of cash transactions as key evasion tactics.
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