Mumbai: I-T department conducts search and seizure operation at various premises of lead actor

The Income Tax Department has conducted a search and seizure operation at various premises of a prominent actor in Mumbai and also a Lucknow based group of industries engaged in infrastructure development.

Central Board of Direct Taxes said, a total 28 premises spread over Mumbai, Lucknow, Kanpur, Jaipur, Delhi and Gurgaon have been covered in the search operation.

During the course of search at the premises of the actor and his associates, incriminating evidences pertaining to tax evasion have been found. The main modus operandi followed by the actor had been to route his unaccounted income in the form of bogus unsecured loans from many bogus entities.

CBDT said, the total amount of tax evaded unearthed so far is more than 20 crore rupees.

The Charity Foundation incorporated by the actor on 21st of July last year has collected donations to the tune of 18.94 crore rupees from 1st of April this year to till date.

Out of which, it has spent around 1.9 crore rupees towards various relief works and the balance of 17 crore rupees has been found lying unutilized in the bank account of the foundation till date.

CBDT said that funds to the tune of 2.1 crore rupees have also been raised by the Charity Foundation from overseas donors on a crowd funding platform in violation of Foreign Contribution Regulation Act, FCRA regulations.


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