Income Tax raids on premises of Bollywood producers Vinod Bhanushali, Jayantilal Gada

The Income Tax department's Investigation Wing from Mumbai on Wednesday conducted searches at the office of Bollywood producer Vinod Bhanushali and some other production houses since morning, over allegations of tax evasion.

The searches were also carried out on production company Pen studios promoters Jayantilal Gada's offices and residence.

"Income Tax raids are underway at the office of producer Vinod Bhanushali and some other production houses of Bollywood since today morning, over allegations of tax evasion. Raids are underway at the premises of Jayantilal Gada too," said Income Tax Department.

Raids underway at the premises of Jayantilal Gada too, news agency ANI quoted Income Tax as saying.

Bhanushali was earlier associated with one of the top music and production companies in the country. He launched his own production house some time back.