Shah Rukh in trouble!
The Income Tax department has provisionally attached Shah Rukh Khan’s farmhouse in Alibag, a beach town in Maharashtra.
The attachment notice was issued to Déjà Vu Farms under the Prohibition of Benami Property Transactions Act in December. Confirming the development, a senior I-T officer said that, under Section 24 of the Act, if the investigating officer believed the person was benamidar, he (the officer) could issue the attachment notice to that person or the property’s beneficial owner (if his or her identity was known). According to the law, the attachment of the property could be for at most 90 days from the date the notice is issued, he said.
The circle rate of the attached property is Rs 146.7 million. However, the market price would be five times as much, said another I-T official.
Considered a luxury property, the farmhouse is spread over 19,960 square metres and has other amenities such as a private helipad. 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.
The allegation against Khan is that he had applied to purchase agricultural land for farming but constructed a farmhouse for personal use instead there.
‘The said transaction falls under the definition of benami transaction as per the Section 2 (9) of the PBPT Act, where Déjà Vu Farms has acted as benamidar for the ultimate benefit of Khan.