Breaking: Income Tax Department Raids at well known Bollywood Producers:

Breaking: Income Tax Department Raids at well known Bollywood Producers The Income Tax Department's Investigation Wing from Mumbai conducted searches on several well-known Bollywood producers. According to agency sources, searches were conducted on the offices and apartments of Pen Studios promoter Jayantilal Gada. Vinod Bhanushali was another producer whose office and home were searched. Bhanushali formerly worked with one of the country's leading music and production businesses T-Series. He recently established his own production company. According to the Income Tax Department, I-T sleuths are conducting raids for alleged tax evasion and financial irregularities. Notably, the raids are taking place at Bollywood producer Vinod Bhanushali's office in BKC. In addition to the duo's workplace, three more production firms are being raided. More information on the case is awaited. Gada and his production business are said to be involved in the development or presentation of various big-budget films, as well as the rights to some epic mythical series. Among other things, his company, Pen Studios, presented RRR and co-produced Gangubai Kathiawadi. Bhanushali Films is said to have produced two films, Janhit Mein Jaari and Atal, under his name. Sources said the agency is looking into new production companies.