Friday, September 18, 2020
Home News Reports Shahrukh Khan's palatial Alibaug farmhouse attached by the Income Tax department

Shahrukh Khan’s palatial Alibaug farmhouse attached by the Income Tax department

Bollywood actor Shahrukh Khan’s 19,960 sq metres sprawling Alibaug farmhouse has run afoul of the Income Tax department which has proceeded to provisionally attach it. As per a Business Standard report, the attachment order for Shahrukh’s Deja Vu Farms Pvt Ltd was issued in December under the Prohibition of Benami Property Transactions Act (PBPT).

Under the provisional attachment, this property can be attached for a period of 90 days, from the day the notice was issued. This luxury property contains amenities like a helipad and has access to the beach of the coastal Maharashtra town.

The main allegation is that Shahrukh Khan had sought to purchase agricultural land for farming purposes but instead ended up constructing a luxury farmhouse. As per an Income Tax report, quoted by the Business Standard report, the Deja Vu Farms had acted as a “benamidar” for the ultimate benefit of Shahrukh Khan, which falls under the Section 2 (9) of the PBPT Act.

Under Maharashtra’s Tenancy and Agricultural Lands Act, it is illegal to transfer agriculture land to non-agriculture users, without taking the permission of either the district collector or the state government. It was also alleged that this Deja Vu Farms Pvt Ltd was incorporated in order to purchase these agricultural lands as Sharukh Khan reportedly could not have been able to do so in a personal capacity.

- Advertisement -

Historically this Deja Vu Farms was incorporated in 2004 by two shareholders namely Srinivas Parthasarathy and Somasekhar Sundaresan, after which the shares transfer certificates were signed by the shareholders in Shahrukh and Gauri Khan’s name in December of that year. It has also been claimed that Shahrukh Khan gave an unsecured loan of Rs 84.5 million to this company.

It has as a result been claimed in the Business Standard report that, the unsecured loans provided by Shahrukh were used to purchase lands by Deja Vu farms which till date hasn’t shown any income via farming activity.

This issue had come to the forefront in November 2017, when it was reported that this farmhouse was one of the 87 properties against whom action could be taken for alleged Coastal Regulatory Zone (CRZ) violations. A legal opinion regarding the same was sought by Raigad collector Dr Vijay Suryavanshi.

Coming to Shahrukh Khan’s property, it was then stated that first a legal link had to be established between the actor and the property, as the farmhouse was technically owned by Deja Vu Farms, in a certain Moreshwar Asgaonkar’s name.

One of the initial signs of trouble for this property came in 2015, when one of its boundaries was demolished for allegedly violating Coastal Regulatory Zone (CRZ) violations.

This property is incidentally well favoured by Shahrukh Khan, with him hosting his 52nd birthday party there, which was attended by various Bollywood A listers.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Julio Ribeiro and Open Letters, a love story better than Twilight: Here are some letters that the former IPS officer has signed

Former IPS Officer Julio Ribeiro has recently written to the Delhi Police complaining of their 'flawed investigation' into Delhi Riots.

Here is criticism of ‘a particular community’ as approved by the Honourable Supreme Court

The Supreme Court has not taken kindly to a show by Sudarshan News, criticising a 'particular community'

Why you should support farm ordinances introduced by the Modi govt: The mother of all reforms

In mid-June, the Modi govt brought three ordinances related to farming, which can forever change the agricultural landscape of India. Folks, this is the mother of all reforms.

Of Macaulay and Nehru: A dilapidated education system and the need for the phoenix to rise from the ashes

A major consequence of the dilapidated education system, thanks to Nehru and Macaulay, is that an average Indian graduate is a test taker and a job seeker

Sudarshan TV Vs Supreme Court: Justice Chandrachud objects to representation of Muslims with skull cap, beard, green colour with flames in the background

Sudarshan TV had filed a plea challenging the court's stay on the telecast of the remaining episodes of their show 'Bindas Bol' about the alleged 'UPSC Jihad'

The Goan Inquisition by the Portuguese: A forgotten holocaust of Hindus and Jews

The Portuguese inquisition of Goa is an often forgotten and unspoken event by the ‘secular’ circles of Indian historians, despite various historical records exposing the gross exodus of not just Hindus, but also Jews that had escaped Medieval Europe to take refuge in India.

Recently Popular

Nepal claims Indian cities Dehradun, Nainital under its ‘Greater Nepal’ campaign: Reports

The tension between Indian and its Himalayan neighbour Nepal is likely to mount again as Nepal continues to provoke India.

From Ranbir Kapoor to Sanjay Dutt to Gauri Khan: The celebrities who flew ‘high’ and have battled drug addiction

Many Bollywood celebrities have confessed they had a drug problem at some point in their lives, some even went to jail for the same

Here is why #BabyPenguin is trending on Twitter, and why Aaditya Thackeray is called so by some

Yuva Sena registered complaint against twitter user for calling Aaditya Thackeray "Baby Penguin" and Uddhav Thackeray "Aurangzeb"

Kanagana Ranaut calls Urmila Matondkar a ‘soft porn star’ after Urmila attacks her asking to talk about drugs in its ‘origin’ Himachal Pradesh

Urmila Matondkar had slammed Kangana Ranut for criticizing Bollywood drug nexus, had asked to talk about drugs in Himachal Pradesh

Fact Check: Is India going under lockdown once again from September 25?

PIB has debunked rumours on social media about the reimposition of lockdown from September 25 in the wake of Coronavirus surge.

Begusarai: Mohammad Maufiz used to rape his eldest minor daughter, sexually exploited other two minor daughters

Mohammad Maufiz in Begulsarai arrested after it was known that he is raping his eldest daughter for 5 years, molested two other daughters

Bloomberg Quint calls an economist an ‘infectious disease expert’ to peddle the theory that a high recovery rate is a ‘useless statistic’

The Quint earlier transformed an engineer to a doctor to prove that India is in the middle of community transmission stage

Minister Anurag Thakur apologises after ruckus breaks out in Parliament over his comments on the Nehru-Gandhi family

Anurag Thakur had slammed the Congress party over the PM Relief Fund during a discussion on PM CARES Fund

“You are supposed to be unprejudiced,” investor Rakesh Jhunjhunwala schools BJP-hater NDTV journalist Sreenivasan Jain

Without nothing left to say, Sreenivasan Jain laughed aloud and claimed, "I would love to think that I am unprejudiced."

‘Women rioters attacked police with swords and knives hidden under their burqa’: Author Monica Arora shares anecdotes from her upcoming book on Delhi Riots

The book narrates how Muslim women protesters had attacked DCP Amit Sharma and constable Ratan Lal after inviting them for talks

Uttar Pradesh police nab three persons in the Aligarh jewellery robbery case seen in viral video

In a viral video, three accused identified as Saurabh, Mohit and Rohit were seen robbing a jewellery shop in Aligarh at gunpoint

Maha Vikas Aghadi govt ‘struggles’ to pay salaries but ready to spend Rs 5.5 crores to appoint Pvt ad firms for Chief Minister’s publicity

The Maharashtra government has been struggling to play salaries and pension due to the coronavirus pandemic.

The court must not call out Sudarshan News for speaking for the rights of Dalits and calling out a Dalit leader who just would...

Justice Joseph castigated Sudarshan News on Friday over the manner in which Congress leader Udit Raj was treated.

‘An injunction order from us is like a nuclear missile’: Justice Chandrachud acknowledges the far-reaching ramifications of the stay order on Sudarshan News’ ‘UPSC...

Sudarshan News had filed a plea challenging the Supreme Court's stay order on the broadcast of its 'UPSC Jihad' show

They believe religious teachings are superior to state laws: What China’s whitepaper says about Uyghur Muslims and their ‘re-education’

The whitepaper insinuated that Uyghur Muslims were 'terrorists' who believed in the 'afterlife' and rejected modern science owing to religious dogmatism.

Julio Ribeiro and Open Letters, a love story better than Twilight: Here are some letters that the former IPS officer has signed

Former IPS Officer Julio Ribeiro has recently written to the Delhi Police complaining of their 'flawed investigation' into Delhi Riots.

Connect with us

243,917FansLike
453,206FollowersFollow
15,800SubscribersSubscribe