King Khan's seaside Alibaug bungalow attached by I-T department
Mumbai: The bungalow in Alibaug owned by Bollywood actor Shah Rukh Khan's Deja Vu Farms Pvt. Ltd. has been provisionally attached by the income tax (I-T) department.
The sprawling beachside property in Alibaug, spread over 20,000 sq metres, is estimated to be worth around Rs 250 crore.
The department has taken action as the seaside agricultural land was allegedly bought for farming, but used to build a farmhouse. The Maharashtra Tenancy and Agricultural Lands Act does not permit the transfer of agricultural land to non-agriculturists or for non-agricultural purposes without the permission of the Collector or the state government, which neither Khan nor Deja Vu procured.
The department initiated its action on Tuesday under provisions of the Prohibition of Benami Property Transactions (PBPT) Act , labelling the property as 'benami'.
In December 2017, it had issued an attachment notice for the property. Following this, it had 90 days to attach the property. Action was initiated as per provisions under section 24 of the IT Act.