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Shah Rukh Khan landed again in the legal soup. New tax problems for the superstar after the income tax department challenged an order relieving him of the benami property issue. According to recent information, the IT department has challenged the decision of the contracting authority that rejected the case and accused the tax office of qualifying the property of benami.
Shah Rukh Khan is one of the most prominent cases under the Benami. Property Law after strict amendments in 2016 to put a brake on tax evasion. Under the amendment, a person could be sentenced to up to seven years in prison and be liable to a fine of up to 25% of the fair market value of the benami property. In accordance with the anti-Benami law, the benamidar and the beneficiary will be prosecuted once they have proved themselves.
For the uninitiated, the property of the actor Alibaug is a sumptuous palace that spans an area of 19,960 square meters. like a swimming pool, a private heliport, a private football pitch and a part of the beach. The superstar would apparently have been a beneficiary of the property and the IT department had charged him under the Benami Property Transaction Prohibition Act, said property having been acquired under cover of agricultural land, but then used to build a bungalow.
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