Highlights
Anurag Kashyap and his partners who launched the now-shuttered Phantom Films are under scanner in connection to a tax evasion probe.
The I-T raids were also conducted at properties linked to Madhu Mantena’s KWAN Talent Management Agency in Mumbai.
Around 28 premises including residences and offices are being searched.
New Delhi: A day after Income Tax Department officials raided the properties linked to filmmaker Anurag Kashyap, actress Taapsee Pannu and producer Vikas Bahl, the agency released an official statement alleging a discrepancy worth Rs 350 crores.
In the official statement released by the I-T department on March 4, they claimed that evidence of huge suppression of income by the leading production house has been uncovered. “Evidence related to manipulation and under-valuation of share transactions of the production house amongst the film directors and shareholders, having tax implication of about Rs. 350 crore has been found and is being further