Shah Rukh Khan’s seaside bungalow attached by I-T department
Shah Rukh Khan seaside bungalow attached by I-T department: The income tax (I-T) department has attached a bungalow in Alibaug owned by Bollywood actor Shah Rukh Khan’s Deja Vu Farms Pvt. Ltd. This property in Alibaug is spread over 20,000 sq metres, is estimated to be worth around Rs 250 crore. The action by the I-T department was taken after the seaside agricultural land was allegedly bought for farming, but was used to build a farmhouse. As per the Maharashtra Tenancy and Agricultural Lands Act, the transfer of agricultural land to non-agriculturists or for non-agricultural use is not allowed without the permission of the Collector or the state government, which neither Khan nor Deja Vu had taken. In December 2017, it had issued an attachment notice for the property. Following this, it had 90 days to attach the property. Preliminary inquiry revealed that the property belonged to the actor despite it being registered in somebody else’s name. This however concluded the property as under ‘benami’ transaction as per section 2 (9) of the PBPT Act, where Deja Vu Farms acted as benamidar for the actor, who is the beneficiary. No income has been stated by Khan even though unsecured loans were advanced by Khan to Deja Vu Farms to buy the farm land, said the I-T department. -PTC News
