Recently Income Tax department splashed a sudden surprise on one of the leading producers of Tollywood by raiding all of their premises at the same time. Though none of the producer’s big-ticket films’ release is around the corner, many wondered why this raid happened. A source is now revealing that this raid is not connected to films but something else.
Apparently, the producers are said to have recently made a land deal which resulted in a huge exchange of money including lots of cash. That has triggered the IT Department to raid the producer and find out what is actually happening.
Though the final details of the raiding will not be out in the public, the rumour is strongly being heard that real-estate deals are resulting in all these happenings.
On the other hand, two other big producers who have recently made huge money through their latest ventures are said to be facing the axe of the IT Department as they have received notices.
This post was last modified on 21 January 2023 4:08 pm
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