
Shah Rukh Khan allegedly used land bought for agricultural purpose for his own personal use
Quick Take
Summary is AI generated, newsroom reviewed.
Income tax department provisionally attaches Shah Rukh's farmhouse
I-T department alleges Shah Rukh misused land bought for agriculture
Shah Rukh Khan has to reply to I-T department within 90 days
Deja Vu Farms, which has SRK's in-laws as directors and other members on board, took up the land for agricultural purposes but never used for that. Instead of that, a plush farmhouse was built on the property, with amenities such as a helipad and swimming pool. The only income shown by Deja Vu Farms was of Rs 84.5 million, which was an unsecured loan given by Khan to the company.
As per the law, the attachment of the property can be done for a period of 90 days from the date of the issuance of the notice. The PBPT Act enables law enforcement officers to send accused for up to seven years of rigorous imprisonment and pay 25 per cent of the property's value.
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