Income Tax Department raids Shilpa Shetty’s house: Complete information

Mumbai: Famous Bollywood actress Shilpa Shetty is once again in the news, but this time not because of her films or fitness, but because of the action of the Income Tax Department. Income Tax officials have raided his Mumbai residence.

Case related to Bestian Hospitality

This action is said to be related to Bastian Hospitality Company, in which Shilpa Shetty has a stake. The Income Tax Department suspects some irregularities in investment, income and tax payment in the hotel and restaurant business.

How did the investigation begin?

This action of the Income Tax Department did not happen suddenly. It started with an investigation into the financial records of Bastian Hospitality. Officials suspected that there were some discrepancies in the company’s transactions and tax returns. As the investigation by the promoters and outlets progressed, the matter reached Shilpa Shetty’s house.

raid locations

According to media reports, the Income Tax Department conducted simultaneous raids on several outlets of Bestian Hospitality. Apart from Mumbai, restaurants and clubs located in Pune, Bengaluru and Goa also came under the scanner. Along with this, documents were also searched at the locations of promoters and partners associated with the company.

Bestian Hospitality and Shilpa’s role

Bestian Hospitality was founded by businessman Ranjit Bindra. This company is known for luxury restaurants and clubs. Shilpa Shetty bought 50 percent stake in this company in 2019 and became co-owner. Since then she is considered the main face of this brand.

Income Tax Department’s suspicion

According to sources, the Income Tax Department has doubts about big investments in hotel and restaurant business, declaration of income and payment of taxes. Officials believe some transactions may not have been recorded correctly. For this reason, the company’s financial documents, bank transactions and investment related records are being examined.

Shilpa Shetty’s reaction

Shilpa Shetty has already termed all these allegations as baseless. She has made it clear that she will cooperate fully in the investigation. The actress has said that she has full faith in the law and order system and judiciary of the country. He has also appealed to the media to exercise restraint in view of the sensitivity of the matter, as the investigation is still going on.