Wednesday, 26 September, 2018

IT attaches SRK's Alibaug farmhouse over several alleged violations

OMG! The Income Tax Department Seizes Shah Rukh Khan's Other Bungalow Shah Rukh Khan Read more about Shah Rukh Khan
Nellie Chapman | 31 January, 2018, 17:17

The income-tax (I-T) department has provisionally attached actor Shah Rukh Khan's sprawling farmhouse in Alibaug.

As per the allegations, SRK had made an application to purchase agricultural land for farming but instead constructed a farmhouse for personal use on that land.

Since Khan could not have purchased the said land in his individual capacity, a mechanism was devised in the form of Deja Vu, which showed its activity as farming.

The luxury property, the farmhouse is spread over an area of 19,960 sq metres.

The attachment notice was issued under the Prohibition of Benami Property Transactions Act in December.

Further, SRK lent an unsecured loan of Rs 84.5 million to Deja Vu Farms. "Thus, the actor is a beneficiary for the said under the prescribed law".

The Income Tax authority said it was a "benami transaction" under Section 2 (9) of the Act.

Added to this a complaint was also filed at a Mumbai police station, alleging that Khan had violated the Maharashtra Tenancy and Agricultural Lands Act - it bars transfer of agriculture land to a non-agriculturist without the permission of the collector or state government.

Khan needs to file a reply before the authorities within 90 days otherwise the adjudication authorities will confirm the attachment and I-T authorities can initiate a criminal case too. The PBPT Act enables law enforcement officers to send accused for up to seven years of rigorous imprisonment and pay 25 per cent of the property's value.

According to the Ministry of Corporate Affairs, Gauri Khan's father Ramesh Chibba, her mother Savita Chibba and her sister Namita Chibba are directors of Deja Vu Farms. Sources said the market rate of the property is likely to rise manifold, keeping in mind the high-end amenities like pool and a helipad.

As per a report in Economictimes.com in November 2017, Khan's luxurious Alibaug Villa had come under the scanner as the film star allegedly forged documents for building the villa.