Post Raids At Taapsee Pannu, Anurag Kashyap's Properties, Income Tax Department Issues An Official Statement That Reads Discrepancy Of Around Rs 300 Cr- Report
Yesterday, IT department conducted raids at Taapsee Pannu, Anurag Kashyap's properties. Now, the Income Tax Department has issued an official statement on the same
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
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: 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: CBDT
— ANI (@ANI) March 4, 2021
Apart from this, non-genuine/bogus expenditure to related concerns by the leading producers/director having tax implication of about Rs 20 cr has been detected. Similar findings have been made in the case of the leading actress also. Search is continuing in all the premises: CBDT
— ANI (@ANI) March 4, 2021