Transfer of cultural property exemption: transfers of artworks to government, universities or notified public museums are covered. A new clause in Section 47 treats transfers of capital assets comprising works of art, archaeological, scientific or art collections, books, manuscripts, drawings, paintings, photographs or prints to the Government, a University, the National Museum, National Art Gallery, National Archives or other public museums or institutions notified by the Central Government as covered by that clause; 'University' is defined to include institutions established by statute and those declared to be universities under the University Grants Commission provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of cultural property exemption: transfers of artworks to government, universities or notified public museums are covered.
A new clause in Section 47 treats transfers of capital assets comprising works of art, archaeological, scientific or art collections, books, manuscripts, drawings, paintings, photographs or prints to the Government, a University, the National Museum, National Art Gallery, National Archives or other public museums or institutions notified by the Central Government as covered by that clause; "University" is defined to include institutions established by statute and those declared to be universities under the University Grants Commission provisions.
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