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Posted on:    30 Jan, 2018       Views:  1172

Income Tax Department in preparation for seizing Shahrukh Khan's Bungalow

Mumbai. The Income Tax Department has attached Shahrukh Khan's farmhouse in Alibag. This farmhouse of Shahrukh has been attached under the Anonymous Property Transaction Act. Shahrukh bought land for cultivation in Alibag but instead he built a large farmhouse there. This farmhouse of Shahrukh spreads in 19,960 square meters in Alibag. The main allegation against Shahrukh is that he had made an application for land purchase for farming, but later he built a farmhouse in Alibag for personal use. According to the news published in Business Standard, 'This transaction falls under the definition of anonymous transactions according to Section 2 (9) of the PBPT Act, where Dja Woo Firms has acted as a benami for the benefit of Shahrukh. Thus, Shahrukh is a beneficiary under the prescribed law. "

 

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Income Tax Department in preparation for seizing Shahrukh Khan's Bungalow


Daeja Wu Farms was built to buy the land. Shahrukh has given an unsecured loan of more than Rs 8 crore to this company. Due to its agricultural land, it was to be used for agriculture in the first three years. It has been found in the investigation of IT that the company has not yet shown any earnings from agriculture. There is also an indication in the investigation that Dja Wu bought land from all the loans given by Shahrukh.

 

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The company's director Ramesh Chhibba, Savita Chhibba and Namita Chhibba are related to Shahrukh. This was disclosed when the District Collector Vijay Suryavanshi claimed that Shahbrukh's bungalow in Alibaug was with 87 farmhouse on which his office had sought legal opinion so that he could take action under the violation of the Coastal Regulatory Zone (CRZ). In this connection, the email was sent to Shahrukh Khan's company, Red Chelise Entertainment and Kolkata Knight Riders CEO, Venkyi Mysore on January 24, but there was no response from them.

 

 

Income Tax Department in preparation for seizing Shahrukh Khan's Bungalow

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