New Delhi: The Income Tax Department conducted raids on the properties of filmmaker Anurag Kashyap and actress Taapsee Pannu and director-producer Vikas Bahl on Wednesday (March 3) in relation to a tax evasion probe against now shut production house Phantom Films.
As per initial reports, a discrepancy of around Rs 300 crore has been uncovered during the probe. The company officials reportedly failed to explain this discrepancy. “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,” the official statement by the Income Tax department said on Thursday.