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.