Filmmaker Anurag Kashyap, actress Taapsee Pannu and Vikas Bahl's residences in Mumbai were raided by Income Tax officials on Wednesday.
The searches were carried out in over 30 locations in Mumbai and Pune, officials said adding that some executives of celebrity and talent management company KWAN were also raided.
The action was part of a tax evasion probe against Phantom Films, which was dissolved in 2018, and its then promoters Kashyap, director-producer Vikramaditya Motwane, producer Vikas Bahl and producer-distributor Madhu Mantena, they said.
Documents and computer peripherals have been recovered from various premises, officials said.
Pannu and Kashyap, both known to be outspoken in their views on a range of issues, are shooting in Pune and are understood to have been questioned by the tax sleuths as part of the preliminary questioning that takes place during raids.
Sources said some inter-linked transactions between the entities searched are under the scanner of the department and the raids are aimed at gathering more evidence to further probe tax evasion allegations.
Founded in 2011, Phantom Films produced films such as "Lootera", "Queen", "Ugly", "NH 10", "Masaan" and "Udta Punjab".
Kashyap later launched a new production company called Good Bad Films while Motwane launched Andolan Films.
The searches against Mantena are also being carried out in context of his links with KWAN, of which he was a co-promoter.
Pannu, 33, has worked in numerous Hindi, Tamil and Telugu movies.
With PTI inputs