Manipulation in income worth 650 crore, says l-T dept after raids on Anurag Kashyap, Taapsee Pannu

The searches, part of a tax evasion probe against Phantom Films, were carried out across 30 locations in Mumbai and Pune on Wednesday.

The income tax department said on Thursday that it found discrepancy and manipulation of income during the searches at various places linked to actor Tapsee Pannu, filmmaker Anurag Kashyap and his partners who launched the now shuttered production house Phantom Films. There was also huge suppression of income compared to the actual box office collections, the IT department further said.

Giving details about the searches, the officials said that the production house staff was not able to explain discrepancy of around 300 crore

The officials also said that they found evidence related to manipulation and under- valuation of share transactions of Phantom Films amongst the film directors and shareholders, having tax implication of about 7350 crore.

Evidence of cash receipts by the leading actress amounting to 75 crore has also been recovered, they further said. The officials added that further investigation is on. The searches, part of a tax evasion probe against Phantom Films, were carried out across 30 locations in Mumbai and Pune on Wednesday.

Properties linked with Reliance Entertainment group CEO Shibhasish Sarkar and some executives of celebrity and talent management companies KWAN and Exceed were also raided.

The others searched include some Phantom Films production house employees, which was dissolved in 2018, director-producer Vikramaditya Motwane, producer Vikas Bahl and producer-distributor Madhu Mantena.

Both Pannu and Kashyap, who are shooting in Pune, were also questioned by the income tax officials. They are collaborating in the upcoming film “Dobaara”.

Click to comment

Leave a Reply

Your email address will not be published.

five × four =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us