Superstar Shah Rukh Khan’s Deja Vi Farms Pvt Ltd, which is located in Alibaug near Mumbai, has been attached provisionally by the Income Tax Department. The attachment notice was issued under the Prohibition of Benami Property Transactions Act (PBPT) in December, reported Business Standard.
Now Shah Rukh Khan’s Deja Vu Farms is worth Rs 146.7 million, however, its market price is almost five times that amount, an IT official told Business Standard. The property is spread over an area of 19,960 sq meters and it is Khan’s a luxury property, which equipped with amenities such as a swimming pool, a beach, and private helipad.
As per Business Standard, Shah Rukh Khan had originally purchased the property as agricultural land for farming, however, the actor ended up turning it into a farmhouse for his personal use.
“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 benefits of Shah Rukh Khan. Thus, the actor is a beneficiary for the said under the prescribed law,” said the investigation report conducted by IT.
During the investigation, it came to know that directors of Deja Vu were, Ramesh Chibba, Savita Chibba and Namita Chibba, who are Shah Rukh Khan’s father-in-law, mother-in-law and sister-in-law, respectively. Thus the control of the company is always with Shah Rukh Khan since the directors are relatives of the actor.
“Any person aggrieved by the order of the adjudicating authority of holding the property as benami or not, can file an appeal to the appellate tribunal within 45 days from the date of the order. An appeal against the order of the tribunal may be preferred in the High Court within 60 days,” explained official cited above.