Mumbai, March 13 (IANS) Diamond merchant and film financer Bharat Shah has come under the scanner of the Income Tax (IT) department, which conducted raids at his office and residence here Thursday.
Income Tax Commissioner S.M. Murthy told IANS: 'Searches were launched by income tax officials at Bharat Shah's residence and offices after it was learnt that he was not filing his tax returns.'
Murthy added that the officials were searching for Shah's income tax return papers and other tax related documents.
Shah, however, claimed that the IT department conducted no raids.
Shah has been in the midst of controversies since September 2003 when the special Maharashtra Control of Organized Crime Act (MCOCA) court convicted him for his links with the underworld.
It was alleged that Shah used money from the underworld to produce movies.
Do you like this article?
|Posted by:||India-Forums.com Staff|
|User Rating||(1 Votes)|
Actress Divyanka Tripathi, who plays Ishita Bhalla in soap opera "Ye ... 108
Audience to see major drama during Neil's surprise party for Ragini... 13
Filmmaker Anubhav Sinha is ecstatic at the response to the trailer of ... 2
The trailer of Madhuri Dixit-starrer "Gulaab Gang" will be released ... 2