Latest News

The Income tax Department has recently attached Shah Rukh Khan’s luxurious bungalow in Alibaug, Maharashtra suspecting it to be Benami property. The department has alleged that the land owned by Déjà vu Farms Pvt Ltd is in control, use and possession of Shah Rukh Khan. The shares of this company were earlier held by father-in-law and mother-in law of the actor, which later on in the year 2006-07 were transferred to the actor and his wife. The department suspects that the transactions have been arranged in such a way that the land acquired by Déjà vu Farm would ultimately accrue benefits for the actor. In this case, Déjà vu Farms acts as a Benamidar of the alleged property and Mr. Khan is the beneficiary as the consideration for acquisition of such property has moved from him in disguise of loan. The matter has been referred to the Adjudicating Authority for confirmation of the attachment made under the Benami Act.