Shah Rukh Khan in Trouble As Income Tax Department Seizes His Alibag Farmhouse

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

The Income Tax department has provisionally sealed Bollywood Baadshah Shahrukh Khan‘s Alibag farmhouse. The property is spread in an area of 19,960 sq meters and the circle rate of the attached property is Rs 146.7 million. But the market price would go up to five-fold. The Farms consist of a swimming pool, helipad and a beach.

“The said transaction falls under the definition of “benami transaction as per the Section 2 (9) of the PBPT Act, where Deja Vu Farms has acted as benamidar for the ultimate benefits of SRK. Thus, the actor is a beneficiary for the said under the prescribed law,” said I-T investigation report submitted to adjudicating authority while seeking provisional attachment, according to the report.

The Maharashtra Tenancy and Agricultural Lands Act does not allow transfer of agricultural lands to non-agriculturists without the permission of the collector or state government. Khan bought the land in Alibag for agricultural purposes but built a farmhouse instead, this being the major offense committed by Khan. I-T investigation said that to date, the company had not shown any income from farming. The report suggests all the unsecured loans from Khan were used by Déjà Vu for purchasing land.

The issue had come to the front in November 2017, when District collector Vijay Suryavanshi claimed that a bungalow purportedly owned by the actor along the Thal seafront in Alibag was among 87 farmhouses on which Suryavanshi’s office had sought legal opinion to take action for alleged Coastal Regulatory Zone (CRZ) violations.

“Any person aggrieved by the order of the adjudicating authority can file an appeal to the appellate tribunal within 45 days from the date of the order. An appeal against the order of the tribunal may be referred to the high court within 60 days,” explained the Income Tax Department official.

An email sent to Khan’s company Red Chillies Entertainment and Kolkata Knight Riders’ chief executive officer on January 24 remained unanswered despite several reminders.

Déjà Vu Farms was issued under the Prohibition of Benami Property Transactions (PBPT) Act in December. It also allows for prosecution of the beneficial owner, the benamidar and the abettor to benami transactions, which may result in rigorous imprisonment up to seven years and fine up to 25 percent of the fair market value of the property.

Provisional attachment of Déjà Vu Farms is the first big case against actor Shahrukh Khan.

- Advertisement -

Latest News

Ankita Lokhande and Vicky Jain are so adorable to watch together [PHOTOS]

Ankita Lokhande's career in TV industry mainly consisted of highs. She did a remarkable role in the popular show...

ALERT: Pawar appears to back Pak more: Modi

--Indo-Asian News Serviceabn/in Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire staff.

ALERT: Previous Cong govt didn’t sanction bullet-proof jacket for our brave soldiers: Modi

--Indo-Asian News Serviceabn/in Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire staff.

Pooja Batra looks like a piece of art in THIS latest photoshoot

Pooja Batra is a well known Bollywood actress who is known for her bold looks ans her strong fashion statements. In her long career...

Ayodhya bench not sitting in post lunch session on Thursday

New Delhi, Sep 19 (IANS) The Constitution bench of the Supreme Court has decided not to conduct hearing of the Ayodhya title dispute in...
- Advertisement -

More Articles Like This