SRK’s Alibaug Farmhouse Attached by Income Tax Department
This falls under the Benami Act.
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Shah Rukh Khan’s Alibaug property, Deja Vu Farms Pvt Ltd, is in the wrong side of news again. The income tax (IT) department has provisionally attached the bungalow. The attachment notice was issued under the Prohibition of Benami Property Transactions Act (PBPT) in December.
Spread over 19,960 sq m, the property is worth Rs 146.7 million, but its market price is up to five times that amount. According to Business Standard, Shah Rukh Khan had initially bought the property as agricultural land for farming, but ended up turning it into a farmhouse for his personal use.
“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 Shah Rukh Khan. Thus, the actor is a beneficiary for the said under the prescribed law,” said an IT investigation report.
The report also highlights that the directors of Deja Vu — Ramesh Chibba, Savita Chibba and Namita Chibba — are SRK’s father-in-law, mother-in-law and sister-in-law, respectively. Hence the control of the company was always with Shah Rukh Khan as the directors are relatives of the actor.
“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,” explained official cited above.
(Source: Business Standard)
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