Income tax department’s raid continues on the second day as well, team reached KWAN agency office

In the case of tax evasion, on Wednesday, the Income Tax Department took a major crackdown on filmmakers Anurag Kashyap, Vikas Bahl, Madhu Mantena and actress Taapsee Pannu, which continues on Thursday. The tax evasion case is related to Phantom Films, which Anurag created with the rest of the filmmakers. Apart from this, talent management company Kwan is also on the radar of the search teams of the Income Tax Department. According to reports, Anurag and Tapsee were interrogated by the Income Tax Department teams for several hours. On Thursday, the Income Tax Department teams arrived at the company’s Mumbai office, whose pictures were shared by ANI. The Income Tax Department was also raided by Reliance Entertainment Group CEO Shivashish Sarkar. Transactions between them were on the income tax department’s radar and conducted raids with the aim of collecting evidence on charges of tax evasion. The Income Tax Department is questioning people associated with Phantom Films in the case of tax evasion. About 30 locations of Mumbai and Pune are being raided. According to Business Today’s report, teams are keeping backups of the digital evidence found in Red. All the people are being investigated on the basis of the evidence that the teams of IT department already have. On Wednesday, the teams seized documents and electronic data from Anurag, Tapasi, Madhu and Vikas from here. The Income Tax Department team stayed at Anurag Kashyap’s house for about 11 hours. The film Phantom was founded in 2011 by Anurag with Vikramaditya Motwane, Vikas Bahl and Madhu Mantena. The company produced films such as Lootera, Queen, Ugly, NH10, Masan and Udta Punjab. The company was demolished in 2018 after promoter Vikas Bahl was accused of sexual exploitation. Reliance Entertainment had bought a 50 per cent stake in it. Anurag later formed a separate company under the name Good Bad Films, while Vikramaditya Motwane started his film production company under the name of Movement Films.