Tuesday, November 24, 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.

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

Anvay Naik suicide case for which Arnab Goswami was arrested: Letters exchanged, the closure report, and unanswered questions

On 4th of Nov, the country watched as Arnab Goswami was dragged out of his house by over 20 armed policemen for a closed 2018 suicide case

“They allowed only Rohingyas into old Hyderabad, not development”: BJP MP Tejasvi Surya hits out on Owaisi brothers

BJP MP Tejasvi Surya likened AIMIM chief Asaduddin Owaisi to the founder of Pakistan Mohammad Ali Jinnah ahead of the GHMC polls in Hyderabad

Pratibha Patil is trending on Twitter and it is not what you think. Read details

Former President Pratibha Patil was trending on Twitter and it was not because of what people think.

“Bharat ko hai Bharat ko bachana”: Man praises PM Modi in his song creating awareness about coronavirus, video goes viral

A viral video of a man singing song to create consciousness among people about coronavirus was shared by many, including Information Consultant to UP government, Shalabh Mani Tripathi

Washington Post editor, who ranted against white women, lies about France targeting Muslim children: Here are the details

Global Opinions Editor at the Washington Post, Karen Attiah, is at the receiving end of great criticism after she spread fake news.

Journalist Tavleen Singh withdraws defamation suit against Twitter user PokerShash for his satirical tweet

A defamation suit was filed by Tavleen Singh against Twitter user @pokershash for his satirical tweet on Singh and others over their relentless support to hate-mongerer Sharjeel Imam

Recently Popular

Anvay Naik suicide case for which Arnab Goswami was arrested: Letters exchanged, the closure report, and unanswered questions

On 4th of Nov, the country watched as Arnab Goswami was dragged out of his house by over 20 armed policemen for a closed 2018 suicide case

Pratibha Patil is trending on Twitter and it is not what you think. Read details

Former President Pratibha Patil was trending on Twitter and it was not because of what people think.

German police barge into the house of anti-lockdown activist Dr Andreas Noack, arrest him during YouTube livestream: Watch video

Dr. Andreas Noack, was arrested by the German Police on Wednesday in what appears to be a gross violation of personal liberty.

Actress Sana Khan who quit bollywood for Islam marries a Muslim cleric who was introduced to her by hatemonger Ajaz Khan

Sana Khan married the Muslim cleric in a small intimate ceremony in Surat. The newly married couple also cut a cake after the wedding.

Bharti Singh resisted initially but offered full cooperation once she realised NCB officials were treating her far better than Kapil Sharma ever did: OpIndia...

The NCB suspects that the widespread use of drugs also explains how movies such as Student Of The Year 2 was ever made.

WhiteHatJr and its founder slaps whistle-blower Pradeep Poonia with Rs 20 cr defamation suit over allegations of scamming customers: Read Details

Poonia had alleged that WhiteHatJr team is getting negative remarks against them removed on social media platforms
- Advertisement -

Israeli PM Netanyahu flies to Saudi Arabia to meet crown prince MBS and US Secretary of State Pompeo, Israeli sources claim

Benjamin Netanyahu reportedly flew in a private jet to meet with Saudi crown prince MBS and US Secretary of State Mike Pompeo.

Harassment over selling firecrackers: Haryana Police beats up people, security men of BJP leaders, protesting suicide of BJP Councillor

Harish Sharma committed suicide after he was booked for allegedly selling firecrackers during Diwali and misbehaving police officials.

Anvay Naik suicide case for which Arnab Goswami was arrested: Letters exchanged, the closure report, and unanswered questions

On 4th of Nov, the country watched as Arnab Goswami was dragged out of his house by over 20 armed policemen for a closed 2018 suicide case

Uttar Pradesh: Two Sadhus die after consuming tea at an ashram in Mathura, one admitted to hospital

Though prima facie it appears that the Sadhus in Uttar Pradesh were poisoned, an investigation into the case has been launched.

The Quad Tech Network, deteriorating trade relationship and war of words: Australia-China ties on a downhill track since pandemic began

One relationship that has undergone a profound transformation since the beginning of the pandemic is that between China and Australia.

Tamil Nadu: Hindu Mahasabha leader brutally murdered outside his house, was denied police protection

Hindu Mahasabha state secretary hacked to death in Hosur, Tamil Nadu.

Bihar’s newly elected AIMIM MLA refuses to say ‘Hindustan’ during the oath-taking ceremony

BJP leader Pramod Kumar had rebuked the AIMIM leader by saying that those who have a problem with the word 'Hindustan', can go to Pakistan.

Former Assam Chief Minister and Congress stalwart Tarun Gogoi passes away at 86

Former Chief Minister of Assam and Congress stalwart Tarun Gogoi has passed away on Monday due to Coronavirus complications.

“They allowed only Rohingyas into old Hyderabad, not development”: BJP MP Tejasvi Surya hits out on Owaisi brothers

BJP MP Tejasvi Surya likened AIMIM chief Asaduddin Owaisi to the founder of Pakistan Mohammad Ali Jinnah ahead of the GHMC polls in Hyderabad

Pratibha Patil is trending on Twitter and it is not what you think. Read details

Former President Pratibha Patil was trending on Twitter and it was not because of what people think.

Connect with us

245,563FansLike
488,087FollowersFollow
20,100SubscribersSubscribe