IT searches Nadiadwala's premises for alleged tax evasion

Image
Press Trust of India Mumbai
Last Updated : Dec 08 2015 | 11:07 PM IST
Income Tax department today conducted searches at the office, residence and other properties of film producer Sajid Nadiadwala for alleged tax evasion.
"We are conducting searches at the premises of film producer Sajid Nadiadwala. The searches are being conducted at his house, office and other premises," said an Income Tax official.
The searches are being conducted over suspicions of tax evasion, sources said, adding that some of his chartered accountants, too, were searched.
Nadiadwala is the producer, most recently, of the Ranbir Kapoor-Deepika Padukone starrer 'Tamasha', which released on November 27, but has not achieved major success at the box office, earning an approximate Rs 61.23 crore as on today.
Meanwhile, despite repeated attempts, Nadiadwala or his PR were not available for comments.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 08 2015 | 11:07 PM IST

Next Story