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The Income Tax Department today carried out raids at the properties of film director Anurag Kashyap, actor Taapsee Pannu and filmmaker Vikas Bahl. The searches are being carried out at the premises of the film production company - Phantom Films which was dissolved in the year 2018.It is being alleged that the search is in connection to a case of tax evasion. Moreover, searches by the Income Tax Department are also underway at the premises ofShibhashish Sarkar (CEO Reliance Entertainment)
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FAQ :
The Income Tax Department has raided the properties of film director Anurag Kashyap, actor Taapsee Pannu, filmmaker Vikas Bahl, and executives from Reliance Entertainment, Exceed, and Kwan.
The raids are reportedly in connection with a case of alleged tax evasion.
Evidence of huge income suppression compared to box office collections, manipulation of share transactions, bogus expenditures, and cash receipts by a leading actress have been unearthed.
The tax implications are estimated to be around Rs. 300 crore for income suppression, Rs. 350 crore for share transaction manipulation, and Rs. 20 crore for bogus expenditures.
Searches were carried out at the premises of Phantom Films, a company co-founded by Anurag Kashyap and Vikas Bahl, which was dissolved in 2018. Reliance Entertainment had acquired a 50% stake in it.
A significant amount of digital data, including emails, WhatsApp chats, and hard disk drives, has been seized from the offices of two talent management companies and is under investigation.
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