Fraudulent import documents suspend limitation protection, while redemption of confiscated goods requires duty and interest despite bona fide purchase...
ODR arbitration participation remains mandatory after failed conciliation, while jurisdictional and maintainability objections stay available before t...
Transparency in technical bid evaluation requires disclosed standards and recorded reasons; opaque scoring invalidated tender awards and required fres...
Automated export obligation extensions remove separate regional applications after committee approval for Advance Authorisation and EPCG authorisation...
International cargo transhipment through Indian ports continues with Customs-controlled storage, re-export safeguards, and coordinated multi-station m...
For charitable trusts, fixed deposits and balances in a scheduled-bank savings account created from capital-asset sale proceeds constitute acquisition of another capital asset for capital-gains exemption under section 11(1A). A bank deposit is a permissible investment mode, and its status as a capital asset does not depend on the deposit duration. Eligibility requires sale proceeds to be invested only in prescribed modes; qualifying fixed deposits and savings balances therefore fall within the exemption.
For charitable trusts, fixed deposits and balances in a scheduled-bank savings account created from capital-asset sale proceeds constitute acquisition of another capital asset for capital-gains exemption under section 11(1A). A bank deposit is a permissible investment mode, and its status as a capital asset does not depend on the deposit duration. Eligibility requires sale proceeds to be invested only in prescribed modes; qualifying fixed deposits and savings balances therefore fall within the exemption.
Note: It is a system-generated summary and is for quick reference only.
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