The Income Tax Department raided the properties of people connected to Phantom films for tax evasion on Wednesday. During their search over 30 locations in Mumbai and Pune, they found financial discrepancies of more than Rs 650 crore.
They are not just #TaxChor huge transactions of black money has happened, did they get that money for provoking #Shaheenbagh riots or #republicdayviolence …
From where the black money came and where did they send the black money which isn’t accounted for ? https://t.co/XSUhBQYpKA
— Kangana Ranaut (@KanganaTeam) March 4, 2021
The agency released a statement regarding the case on Thursday which read, “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 the discrepancy of around Rs. 300 crore. 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 investigated. Evidence of cash receipts by the leading actress amounting to Rs 5 crore has been recovered. Further investigation is going on.”
As soon as the statement was released, Kangana Ranaut didn’t hold back her emotions and took to her Twitter handle to share her views on the ongoing investigation by the I-T department. Calling them ‘tax chor’, in a series of a tweet she wrote, “They are not just #TaxChor huge transactions of black money has happened, did they get that money for provoking #Shaheenbagh riots or #republicdayviolence… From where the black money came and where did they send the black money which isn’t accounted for?”