Mumbai : Bollywood celebs Taapsee Pannu, Anurag Kashyap, two film production houses and talent management companies have been exposed in the ongoing raids in Mumbai and Pune. The Central Board of Direct Taxes i.e. CBDT on Thursday said that a total of Rs 370 crore tax evasion case has come to light. This tax evasion is caused by under-valuation of share transactions and by showing fake expenses. In this regard, the Income Tax Department on Thursday raided the house of Tapsee Pannu. Where evidence of transactions allegedly in 5 crore cash has been found.
According to CBDT, it has been learned that a leading production house showed less earnings than its actual box office income. CBDT is covering 28 premises located at various locations for search operation. During this time, the leading film production house tried to show less of its revenue as compared to the real box office collection of the film. The CBDT has obtained such evidence in its survey, which proves that the income of about Rs 300 crore has been hidden.
During the search, there has been evidence of massive misappropriation in the income and share of these production houses. Income tax has been detected with a tax mess of Rs 350 crores. Company officials could not give any answer about Rs 350 crore. Evidence of Rs 350 crore tax mess has been found. The investigation is on. A cash receipt of Rs 5 crore has been recovered in the name of Taapsee Pannu, which is under investigation. Apart from all this, evidence of further tax evasion of 20 crores has also been found. Similar disturbances have also been found against Taapsee Pannu. A large amount of digital data from both talent management companies (Phantom and Quan) has been seized in the form of emails, WhatsApp chats, hard disks. 7 bank callers have been found. They are also seized. The search operation and investigation are continuing.