I-T Dept Attaches Shah Rukh Khan's Multi-Crore Alibaug Farmhouse Under Benami Act
It was in November last year that Shah Rukh Khan had hosted his birthday bash in his plush farmhouse in Alibaug. Known for its opulent interiors and a private helipad, the farmhouse has now come under the Income-Tax Department's scanner. The department has recently provisionally attached this property under the Prohibition of Benami Property Transactions Act (PBPT).
The villa that is spread in an area of 19,960 square meters is on papers bought by by Déjà vu Farms, to which the attachment notice was sent in December last year. However, found to be benamidar, it meant that Khan was the actual beneficiary of the property. So, the notice was further sent to the beneficial owner, Khan, recently. However, the mails sent to the actor remain unanswered.
It is reported that the actor bought the property as an agricultural land in Alibaug for farming. However, this property was turned into a lavish residential space for personal use. While the property's circle rate is Rs 146.7 million, the I-T officials say that the market price of the property must be five times higher.
“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 benefit of SRK. Thus, the actor is a beneficiary for the said under the prescribed law,” an I-T investigation report read, reported Business Standard.
Under the Maharashtra Tenancy and Agricultural Lands Act one cannot transfer an agricultural land to an agriculturist without prior permission of the collector or state government.
About the property
*The property is spread in an area of 19,960 sq mt.
*The property is a farmhouse equipped with a private helipad.
*The interiors of the property have been done by Shah Rukh's wife, Gauri Khan.