- Sputnik International
Find top stories and features from Asia and the Pacific region. Keep updated on major political stories and analyses from Asia and the Pacific. All you want to know about China, Japan, North and South Korea, India and Pakistan, Southeast Asia and Oceania.

Relief for Indian Star Shah Rukh Khan in Fictitious Property Acquisition Case

© AFP 2023 / Dibyangshu SARKAR / Indian Bollywood actor Shah Rukh Khan speaks during the inauguration of the 24th Kolkata International Film Festival in Kolkata on November 10, 2018
Indian Bollywood actor Shah Rukh Khan speaks during the inauguration of the 24th Kolkata International Film Festival in Kolkata on November 10, 2018 - Sputnik International
Dropping charges against Shah Rukh Khan, the appellate authority slammed the Mumbai income tax department for seemingly relying on "some press report/online articles" while booking the actor under the Indian Benami Transactions (Prohibition) Act.

In a big relief to Bollywood superstar Shah Rukh Khan, an appellate authority in India has absolved the actor of charges of amassing real estate in the scenic beach town of Alibaug in Maharashtra by purchasing land in the name of a different entity with the intent of getting the rights transferred to his name in the future. The actor was also charged with buying the land under the pretext of agricultural activities but turning it into a luxurious property used for hosting parties and events.  

READ MORE: Bizarre: Movie Fans Enter Collision Course With Milk Sellers in South India

​A division of the appellate authority comprising D Singhai and Tushar V Shah exonerated Khan and said: "We have come to the conclusion that the named properties, ie, agriculture land at village Thal, Taluka Alibaug bearing survey nos 188/A, 188/1B, 188/2, 188/3, 188/4, 187/1 and structure thereon are not a benami property (purchased in fictitious names) and hence the attachment made thereof by the investigating officer is revoked hereby".

Sunny Leone - Sputnik International
Porn-Star-Turned-Bollywood-Actress to Debut in South Indian Movies
It all began in December 2017 when the Mumbai income tax department attached the farm house and plot, built on an agricultural land, in the scenic locality of Alibaug, calling Ms Deja Vu Farms Pvt Ltd — the company in whose name the property was registered a "benamidar" (meaning a front entity for transactions done by a beneficiary not named in the deal). The department had alleged that the 53-year-old actor was the real beneficiary of the deal, thus booking him under the Prohibition of Benami Property Transaction Act.

READ MORE: Two Unseen Photos From Priyanka Chopra's Wedding REVEALED

Benami Transactions (Prohibition) Act, 1988 defines a "benami" transaction as any transaction in which property is transferred to one person for a consideration paid by another person. Such transactions were a feature of the Indian economy usually relating to the purchase of property (real estate) and were thought to contribute to the black money problem. The act bans all benami transactions and gives the government the right to recover such property without paying any compensation.

To participate in the discussion
log in or register
Заголовок открываемого материала