Tax department seals off SRK’s farmhouse | Arts & Entertainment | ABnews24

Mon, September 24, 2018
Tax department seals off SRK’s farmhouse
Dhaka, 31 Jan, Abnews: Superstar Shah Rukh Khan's Deja Vu farmhouse, located at Alibaug has been provisionally attached by the Income Tax Department, reportted Business Standard on Tuesday. The attachment notice was issued under the Prohibition of Benami Property Transactions Act (PBPT) in December last year.  
 
The ultra-luxurious villa sprawling over an area of 19,960 square meters, has a huge swimming pool and a private helipad with a circle rate of Rs 146.7 million. The market price may go up to five-fold, an I-T official told the newspaper. An e-mail sent to Shah Rukh Khan-owned company Red Chillies Entertainment and Kolkata Knight Riders' Chief Executive Officer on January 24 went unanswered despite several reminders.
 
The major allegation made in the case is that Shah Rukh had made a purchase of agricultural land in Alibaug for farming, but made a lavish property for his personal use. The farmhouse has been the mecca of almost all of the parties, birthday celebrations hosted by Shah Rukh and Gauri Khan in the past years. 
 
“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,” the I-T investigation report submitted to adjudicating authority while seeking provisional attachment said, reports Business Standard.
 
“Any person aggrieved by the order of the adjudicating authority of holding the property as benami or not, 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 preferred in the High Court within 60 days,” an official told Business Standard.
 
In November last year, SRK's farmhouse had come the under the radar of the income tax department. The officials, as per a report by India Today, had alleged that the Raees star had forged documents, formed a  fake company and even violated costal regulations by constructing a farmhouse on an agricultural land.  – Zoom 
 
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