Income Tax officials today conducted searches at Balaji Telefilms' facilities
and the residence of its promoters -- producer Ekta Kapoor and her actor-father
Jeetendra -- here for suspected tax evasion.
Sleuths from the department swooped down on seven locations across the city, including the yesteryear star and his daughter's residence in suburban Juhu, as part of the searches, which began at 0700 hours, I-T sources said.
Balaji Telefilms' office and studio are also among the seven premises where searches are being conducted, they added.
The searches are being carried out for suspected tax evasion and a team of over 100 officials is on the job, the sources said.
The personal office of Ekta Kapoor, who made it big with television soaps, before venturing into films, and her actor-brother Tushar Kapoor in suburban Bandra was also searched, they said.
According to the sources, the statements of Ekta Kapoor, the joint managing director at Balaji Telefilms and Jeetendra, the company chairman, are likely to be recorded later.
Officials at Balaji Telefilms were not available for a comment immediately.
Shares of the listed Balaji Telefilms were trading 4.41 per cent down at Rs 43.35 a piece on the BSE at 1132 hours, with the 30-share benchmark up 0.13 per cent.
Sources in the Income Tax department said that they were in the process of scrutinising the documents and that the search could last for upto three more days.
The department was also going through the tax returns filed by Ekta Kapoor, Jeetendra Kapoor and Balaji Telefilms, they said.
The income tax department is specifically looking if some money was received from abroad and if so, whether it was properly disclosed, they said.
The tax officers were also going through investment details and establishing the source of the money, they added.