The Income-Tax department has detected huge amounts of cash and illegal transactions by Taapsee Pannu and Anurag Kashyap after two days of searches in Mumbai and Pune.
The I-T officials revealed that during their investigation they recovered “evidence of cash receipts by the leading actress (Taapsee Pannu) amounting to Rs 5 crore.” The probe agency, which raided the official and residential premises of Anurag Kashyap, also claims to have found bogus expenditure of the director having tax implication of about Rs 20 crore.
The I-T department’s press release said that evidence of cash receipt by the leading actress (Tapsee) amounting to Rs 5 crore was recovered during the searches. Taapsee’s endorsement deals and film signing amounts are under the I-T scanner. I-T officials suspect that some data had been deleted from her phone. They are taking help from experts to retrieve the data.
Shareholders of Phantom Films are suspected of income tax evasion of around Rs 600 crore. It is alleged that the shareholders didn’t pay income tax from the money they generated from a stake sale of Phantom Films.
According to IT officials, during their searches, “evidence of huge suppression of income by the leading Film Production house (Phantom films) compared to the actual box office collections has been unearthed. The company officials have not been able to explain the discrepancy of around Rs 300 crore.”