Trouble for Shah Rukh Khan: I-T department attaches Alibag farmhouse - News Summed Up

Trouble for Shah Rukh Khan: I-T department attaches Alibag farmhouse


In what could spell trouble for Shah Rukh Khan, a report in Business Standard mentioned that the Income Tax department has provisionally attached Shah Rukh Khan's Deja Vu Farms Pvt Ltd located at Alibag in Maharashtra. The attachment notice was issued under the Prohibition of Benami Property Transactions Act (PBPT) in December, the report said. Also read Aadhaar to track benami property: PM ModiThe farmhouse has luxurious amenities like swimming pool, a private beach and a helipad. Since Khan could not have purchased the said land in his individual capacity, a mechanism was devised in the form of Deja Vu, which showed its activity as farming. The Benami Act defines Benami transaction as a transaction where in a property is held by or transferred to a person, but has been provided or paid by another person.


Source: dna January 30, 2018 11:26 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */