India / Found discrepancy worth ₹300 cr: I-T dept after raids on Anurag, Taapsee

Mumbai: Yesterday, the Income Tax Department conducted raids at the properties of Taapsee Pannu, Anurag Kashyap, Vikas Bahl and others. Reportedly, it was in regards to tax evasion charges against production house Phatom Productions which got dissolved in 2018. Later, reports emerged that Taapsee and Anurag Kashyap are being questioned in Pune by the IT officials. Now, an official statement has been released by the department.

 As reported by ANI, the statement read, "I-T Dept is carrying out search & survey operations which started on Mar 3 on 2 leading film production companies, a leading actress and two talent management companies in Mumbai. Search operation is being carried out at Mumbai, Pune, Delhi and Hyderabad: Spox, CBDT." The next part of the statement as reported by ANI on Twitter read, "28 premises being covered in different locations which incl residences & offices. During search, evidence of suppression of income by leading Film Production house compared to actual box office collections unearthed. Discrepancy of around Rs 300 cr unearthed."

I-T Dept is carrying out search & survey operations which started on Mar 3 on 2 leading film production companies, a leading actress and two talent management companies in Mumbai. Search operation is being carried out at Mumbai, Pune, Delhi and Hyderabad: Spox, CBDT

— ANI (@ANI) March 4, 2021

"Evidence related to manipulation, under-valuation of share transactions of the production house, having tax implication of about Rs. 350 cr found and is being further investigated. Evidence of cash receipts by the leading actress amounting to Rs 5 crore has been recovered," the statement read further.

Celebrities are yet to comment on the IT raids that were conducted. As per the reports, talent management company Kri that manages Taapsee Pannu also had an IT Raid at its office.