Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
This notification rescinds the earlier Notification No. 26/2011-Customs which exempted the import duty on works of art imported for exhibition in public museums or national institutions. Consequently, such imports will now attract applicable customs duties. The rescission takes effect from September 7, 2024, barring any actions taken prior to this date under the previous exemption notification. This change indicates a policy shift, potentially aimed at generating revenue or promoting domestic art exhibitions.
This notification rescinds the earlier Notification No. 26/2011-Customs which exempted the import duty on works of art imported for exhibition in public museums or national institutions. Consequently, such imports will now attract applicable customs duties. The rescission takes effect from September 7, 2024, barring any actions taken prior to this date under the previous exemption notification. This change indicates a policy shift, potentially aimed at generating revenue or promoting domestic art exhibitions.
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TaxTMI 
TaxTMI 
