Connect with us
Friday,24-September-2021

Bollywood

Raids on Anurag Kashyap and Pannu: Manipulation in crores found, says IT dept

Published

on

Anurag-Kashyap-and-Taapsee-Pannu

The searches at the premises of filmmaker Anurag Kashyap and his partners who launched the now shuttered production house Phantom Films, and Bollywood actor Taapsee Pannu by the Income Tax (IT) department have landed them in trouble as the tax agency has found “discrepancy and manipulation of income” running into crores.

The Income Tax department carried out the searches at 28 locations in Delhi, Hyderabad, Mumbai and Pune on premises linked to Phantom Films, Kashyap, Pannu, Vikas Bahl, Madhu Mantena and some executives of talent management company KWAN and also another talent management company.

In a statement, the IT department said that it was carrying out search and survey operations which started on March 3 on two leading film production companies, a leading actress and two talent management companies in Mumbai.

It said that the searches are being carried out at Mumbai, Pune, Delhi and Hyderabad. “The group is mainly engaged in the business of production of motion pictures, web series, acting, direction and talent management of celebrities and other artists. A total of 28 premises are being covered in different locations which include residences and offices,” it said.

“During the search, evidence of huge suppression of income by the leading film production house compared to the actual box office collections has been unearthed. The company officials have not been able to explain discrepancy of around Rs 300 crore,” it said.

The IT department informed that 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 investigated.

Commenting on the searches at the premises of Pannu, the IT department said, “Evidence of cash receipts by the leading actress amounting to Rs 5 crore has been recovered. Further investigation is going on.”

It said that apart from this, non-genuine or bogus expenditure to related concerns by the leading producers or director having tax implication of about Rs 20 crore has been detected.

“Similar findings have been made in the case of the leading actress also,” it said.

The IT department also said that at the office premises of the two talent management companies, a huge amount of digital data has been seized in the form of emails, whatsapp chats, hard disk etc which are under investigation.

“During the search, 7 bank lockers have been found which have been placed under restraint,” it added.

According to IT department sources, Pannu and Kashyap were also questioned by the IT sleuths in Pune, where they were shooting a film.

Phantom Films was established by Kashyap, director Vikramaditya Motwane, producer Madhu Mantena and the former head of UTV Spotboy, Vikas Bahl, in 2011 before being dissolved in 2018.

Kashyap, Bahl and Pannu have been vocal on social media platforms and have also raised concerns over the farmers’ protest, which has been going on on the borders of the national capital since November 26 last year against the three new farm laws.

Bollywood

I-T sleuths ‘search’ Sonu Sood’s home for second day

Published

on

By

 For the second consecutive day, the Income Tax Department continued its ‘survey’ operations at the home of Bollywood actor Sonu Sood, official sources said here on Thursday.

A team of IT sleuths swooped on the 48-year-old Sood’s Juhu home to carry out search operations to detect certain alleged financial irregularities.

The IT department is examining bank statements, books of accounts, documents and details of financial or other business transactions during the ‘survey’, for suspected tax evasion, though no details are being shared officially.

In Wednesday’s operations, the IT had searched around half-a-dozen premises linked to the actor, including offices and other properties in Mumbai and certain locations in Lucknow.

Sood shot into limelight last year (2020) for arranging free flights or luxury buses for stranded migrants during the lockdown due to Covid-19 pandemic and sent them to different parts of India, besides organising liquid medical oxygen supplies to various hospitals during the second Covid wave this year (2021).

Continue Reading

Bollywood

IT department ‘surveys’ actor Sonu Sood’s Mumbai premises

Published

on

By

Actor Sonu Sood.

 The Income Tax Department is ‘surveying’ the Mumbai offices and home in the suburbs belonging to Bollywood actor Sonu Sood here on Wednesday, official sources said.

Teams of IT sleuths began the operations since morning, though the reason behind the action is not immediately known.

Sood had shot into prominence last year for arranging free flights to enable stranded migrants reach their homes in different parts of India during the nationwide lockdown.

He also had a scrap with the BrihanMumbai Municipal Corporation (BMC) for allegedly converting his six-story house in Juhu into an illegal boarding.

Continue Reading

Bollywood

Tahira Kashyap reveals how Ayushmann Khurrana won her heart

Published

on

By

Ayushmann-Khurrana

On Ayushmann Khurrana’s 37th birthday on Tuesday, his filmmaker-wife Tahira Kashyap revealed how the actor won her heart, when they both were just 19 years old.

Tahira on Tuesday shared a throwback picture on Instagram and penned a heart-warming note talking about how the actor wooed her.

“We were 19! I found you quite cool, with your frames, bike, matching sweaters and mufflers, but what got my heart was when you held the guitar and sang a song for me,” Tahira wrote.

She added: “You have always been passionate about art and what inspires me is after all these years your innocence and excitement towards work and life remains the same. You have been my biggest confidante and cheerleader.

“I might not be a big romantic as the goofiness (like you would say) gets the better of me, but I want to tell you that life is amazing with you and I continue learning a lot from you! Happy birthday umm P.S. – we were such lookers no.”

Ayushmann and Tahira were childhood sweethearts. The two got married in 2008. The couple welcomed their son Virajveer in 2012 and daughter Varushka in 2014.

Ayushmann’s upcoming roster includes ‘Anek’, ‘Chandigarh Kare Aashiqui’ and ‘Doctor G’.

Continue Reading

Trending